Category: Dorsey, Jack

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

The New York Times – Business:
About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said.
Bluesky Is Growing Up. Maybe Too Fast.

The fledgling social media site has been flooded by people seeking alternatives to Facebook, X and Threads. It hasn’t all been easy.
Bluesky Adds One Million New Users After Election

With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people looking to change their social media service.
Former Twitter Board Member Sues Elon Musk’s X For $20 Million in Pay

After purchasing Twitter, Mr. Musk failed to cash out Omid Kordestani’s stock, according to allegations in a new lawsuit.
The Super Bowl Could Make Mint for the NFL

An overtime classic, featuring appearances by Usher and Taylor Swift, could make this year’s Super Bowl a hugely profitable money-maker for the N.F.L.
Behind RFK Jr.’s Popularity With Tech Elites Like Jack Dorsey

Robert Kennedy Jr.’s contentious claims on issue including vaccines are drawing acclaim from tech executives who are giving him money and exposure.
Corporate America Joins Biden in Welcoming Modi to the U.S.

India’s fast-growing economy is drawing American corporate giants, even as the country faces scrutiny over ties to Russia and limits on political freedoms.
Saudi Arabia Cuts Oil Production to Boost Prices

Brent crude rose on Monday after the world’s biggest oil producer announced it would be the lone OPEC Plus member to cut production next month.
Jack Dorsey Takes Aim at Elon Musk and Twitter on New Platform

The Twitter co-founder has posted prolifically on two new social networks, Nostr and Bluesky, which he also backed financially.
Markets Expect Fed to Raise Rates Despite Bank Turmoil

A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.
JPMorgan Chase Emerges as Buyer for First Republic Bank

The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.
What Is Bluesky and Could It Replace Twitter?

Some Twitter users are rushing to join Bluesky, a social platform funded by Jack Dorsey, a founder of Twitter.