cross-posted from: https://lemmy.world/post/19346837
this post was submitted on 02 Sep 2024
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Microblog Memes
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Jack Dorsey sure kept a lot of stake in his company after handing the reigns over to people who would never understand how to run it
TBH he even started a concurrent of it, so he probably expected Twitter to lose value
He created BlueSky as a side project because he knew he could off-load it at an obscene markup onto another group of sucker investors, kind of like how he did with Twitter. But Twitter was the system with all the end-users. That system should have been free to just print money indefinitely without any effort by the buyer.
Oops.