Jack Dorsey says his biggest regret is Twitter became a company
reuters.com
reuters.com
But you get the Notches and Zuckerbergs who strike gold once then utterly fail on every subsequent attempt at striking gold again.
Dorsey has struck gold twice, of course. Block (formerly Square) has done quite well. Twitter has floundered in various ways, but it's still be a huge success in other ways.
I feel like there's got to be a great deal going on at Twitter that never makes the public news. Some sort of giant behind the scenes power struggle. Maybe one day we'll get the full story.
Mastodon is just more or less showing you what you wanted. And it is not addictive this way. It can't fuel mass viral trends and conversations. It has none of the twitter dynamics. I'm not saying that's bad, but I think it means it will never be mass market popular. It's like email vs tiktok, email can't compete with tiktok's sweet features.
How can it? Don't you have to join individual servers? If so it is by design that you can't observe or interact with anything outside of your little bubble.
They got their original user base without any of this. And then used that foundation as the basis for a giant advertising machine by rolling out "the algorithm."
I think it's possible to get quite large by just offering a decent reinvented "BBS" service. It's just likely not possible... to make money.
Having worked in ad-tech some years ago, it's just... the temptation is too strong. Your whole business becomes "enhancing engagement" and all sorts of sophistry gets involved in presenting a Zuckerberg-like case about how this is "improving the world" by "making things better for users" and "connecting people" [with products or other people or whatever]. The firehose seems infinite, and it lets you grow grow grow.
Even Apple, which resisted this for years and kept itself as a "consumer products" and "media" company has now fallen prey to this and is trying to divert some part of the ad-revenue stream to itself.
Once you do that, it's paperclips paperclips paperclips
Pointing the finger at others is definitely not the way to go though.
The problem isn't that Twitter is a company, the problem is that they went public. Any promise or good will intention a corporation has ever had is null and void the day they sell the company or go public. I'm sure Dorsey will cry into piles of money over it.
- becoming a multi-billionaire
- dating models
- having the clout to determine the course of the culture
- seeing how long a goatee he can grow without risk neck injury
To me Twitter as a platform was easier to steer towards a protocol
Square helped normalize e-commerce by using AI to thwart fraud and verify authenticity.
Twitter used AI to create an algorithmic hate machine, disseminating lies, outrage, and fear.
#91 – Jack Dorsey: Square, Cryptocurrency, and Artificial Intelligence https://lexfridman.com/jack-dorsey/
Dorsey's regrets about APIs indicates he still doesn't understand the harm Twitter (and others) have done.
There isn't a single example that hasn't turned out that way in the history of the Internet and there never will be. There's a reason for it: human nature hasn't changed in the past decades, and those items sell (garner attention) and always will quite predictably.
The sole means of stopping that is to have a highly controlled platform that restricts who gets to say what, quite aggressively, through hiring many thousands of moderators with intentional bias to a particular worldview.
The prior implementations of the hate machines didn't benefit from recommenders and individual behaviour profiling.
As silly (quaint) as the efforts now seem, FCC licensees had to serve the public interest, popular culture had ratings, we had the Fairness Doctrine, the medias weren't yet dominated by monoplies, yadda, yadda. Now, there are no checks, no counter balances.
All I'm saying is that Zuck, Dorsey, Page & Brin, and so many others, are moral cripples, oblivious to the harm they've enabled. They're not even malicious, like Murdock or Sinclair, which somehow makes it more sad.
I'd rather be happy with $100 million than being burnt out with $10 billion. YMMV.
Then again, people who make $10B aren’t likely to be people who are happy not working. :)
But yeah they aren't contributing on an IC level at a company if you mean “work” as in sitting at a desk physically writing stuff.
Signed: someone that said no to a big paycheck because I was so mentally dead it would have cost my physical health. I'm still recovering a year later.
And recently gave away 28% of his net worth, pledging $1b of his Square stake - "to fund a combination of Covid-19 relief efforts, universal basic income and support for girls’ health and education."
Your overly bitter hot take doesn't jive with reality very well in your suggestion that Dorsey particularly celebrates being wealthy.
> The Giving Pledge is a movement of philanthropists who commit to give the majority of their wealth to charitable causes, either during their lifetimes or in their wills.
https://en.wikipedia.org/wiki/The_Giving_Pledge
I could write myself a letter about my in-this-lifetime philanthropic intent too.
(Edit) Philanthtopy: https://en.wikipedia.org/wiki/Philanthropy
- "Save", "Spend", and "Give" jars/envelopes
- Open Source, Open Access
- Open APIs, Open Standards; https://webmonetization.org
Getting rich off social media isn't literal theft, of course, but they've put such huge costs onto society which is paid for by us, so it is metaphorically similar. It's like a wealthy contract killer who donates half of his net worth ... Alright, but you made your money by extracting value from others.
If 50% of the users are bot followers bought by PACs from foreign countries - who are gluing posters to the walls, enraging actual customers, and ordering free waters - how much time do the regulars want to spend there?
Figure out a way to charge the PACs for the spammy vitriol that they bought and smeared all over Biz, Evan, Noah, and Jack's.
What sorts of mandatory and charitable investments could reduce such harms, due to which parties' positive or negative actions?
Is the telephone utility liable?
Title II Common Carrier, government-granted monopolies
ISP: Internet Service Provider
Section 230
Information Service Provider
Business of Public Accommodation
You can't make them serve a gay cake to a gay wedding.
You don't need a public guest list for a private party at a private golf club.
You can't make them let problem gamblers in (at the now-at-least-federally-legal and now-online) casino.
Per the bench
Also you're talking about current law here. I'm not interested in the current state of affairs. I understand Twitter and Facebook aren't breaking the law if they facilitate organization of a genocide. I'm talking about what should be the case. Perhaps laws need to be updated.
Then, once they well and truly had critical mass, they closed it off and pulled the ladder up behind them. Very idealistic.
I think everyone can tell that he's not into it from the fact that the company hasn't innovated in a decade.