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Square is buying a majority stake in Tidal
Jack Dorsey's Square is buying control of Tidal in hopes of finding new ways for musicians to get paid.
The Cash app's parent company is now running its own bank
Square Financial Services is bringing financing for Square sellers in-house.
Facebook, Google and Twitter CEOs agree to testify about misinformation
The CEOs of Facebook, Twitter and Google will soon make another appearance in front of Congress to answer questions about misinformation on their platforms.
Jay-Z and Jack Dorsey launch a Bitcoin development fund
Twitter and Square CEO Jack Dorsey has teamed up with rapper and Tidal chief Jay Z on a new endowment to fund bitcoin development starting in Africa and India.
Jack Dorsey breaks his silence after Trump ban
Twitter CEO Jack Dorsey made his first public statements since the company permanently banned Donald Trump from its platform
Square could be trying to buy Tidal from Jay-Z
The outlet is reporting that Square, the payments company run by Twitter co-founder and CEO Jack Dorsey, has discussed a potential acquisition with Jay-Z, the rapper and entrepreneur who bought Tidal in early 2015. Bloomberg cites an unnamed source and has emphasized that a deal isn’t guaranteed. Tidal is a direct competitor to Spotify, Apple Music, YouTube Music and Amazon Music Unlimited.
Congress wants Facebook and Twitter to change. It can’t agree how.
Jack Dorsey and Mark Zuckerberg testified for the second time in less than three weeks.
The Senate's section 230 hearing was partisan and predictable
Today's Senate Commerce Committee hearing featured Twitter's Jack Dorsey, Facebook's Mark Zuckerberg and Sundar Pichai of Alphabet, and addressed the very law that's foundational to free-flowing user content. Democrats, meanwhile, blamed their colleagues across the aisle for scheduling the hearing in the run-up to an election, characterizing it as a way to intimidate platforms into permitting dubious information to spread.
Senate Republicans want to subpoena Twitter CEO over blocked Biden story
The company said the 'NY Post' article violated its rules on doxxing and hacked materials.
Senate committee votes to subpoena Facebook, Google and Twitter CEOs
They're set to grill Zuckerberg, Pichai and Dorsey over Section 230 protections.
Twitter CEO Jack Dorsey isn't going anywhere (for now)
At least for the time being, it looks like Jack Dorsey will get to keep his job as the CEO of Twitter. On Monday, the social media company announced a new $1 billion investment deal with Silver Lake and a corresponding "cooperation" agreement with Elliott Management, the activist investment firm that made headlines last week when it made clear its desire to oust Dorsey.
Jack Dorsey says Twitter ‘probably’ won’t get an edit button
Many Twitter users have long been clamoring for a tweet edit button to fix annoying little errors after blasting their missives to their followers. But after years of Twitter higher-ups musing the feature in public, CEO Jack Dorsey says "we'll probably never do it."
The tech CEOs' year of reckoning
It wasn't so long ago that tech CEOs and their wares were changing the world. In fact, we heard that quite often: This or that "innovation" will make the planet a better place. Silicon Valley was clearly getting high on its own supply as it ramped up the hype that the earth was a wasteland until the titans of tech had graced us with an easier way to post a filtered photo or share our thoughts on the finale of Lost.
Twitter will fund development of an open social media standard
Twitter is funding a team to develop an open and decentralized standard for social media. CEO Jack Dorsey announced the effort, called Bluesky, today. In a series of tweets, Dorsey said Twitter will fund a "small independent team" of up to five open source architects, engineers and designers, and that the platform will provide just one direction: find an existing decentralized standard to advance or create one from scratch.
Police arrest member of group that hijacked Jack Dorsey's Twitter account
Law enforcement has struck a blow against the group that compromised Twitter chief Jack Dorsey's account, albeit relatively late. Motherboard has learned that police arrested a former leader of Chuckling Squad (unnamed as the person is a child) roughly two weeks ago. The suspect allegedly used SIM swapping to obtain Dorsey's phone number, while others in the group helped with defacing the CEO's account with random messages and slurs.
The writer of ‘The Social Network’ rails on Zuckerberg in open letter
Aaron Sorkin, the screenwriter of The Social Network, has become the latest high-profile individual to criticize Facebook for its policy on political ads. In a new open letter addressed to Mark Zuckerberg and published in The New York Times, Sorkin relates how sensitive Facebook was about the biopic when he wrote it almost 10 years ago.
Twitter says it's better at spotting abusive tweets than users
Twitter says it has achieved a major milestone in its attempts to improve the "health" of its platform. According to the company's most recent earnings report, 50 percent of abusive tweets removed this past quarter were pulled before a user even flagged the content. That's up from 38 percent in Q1. Twitter adds that it achieved the milestone on the back of improvements it made to its machine learning-based moderation algorithms, which in turn forward more tweets to the company's employees to scrutinize.
Twitter adds more users, but finds it hard to make money from them
In the last three months, Twitter added six million more users, but couldn't manage to sell any more ads to those eyeballs. At least, not in quantities enough to boost its bottom line, with net profit remaining the same as it was in the previous quarter. Then, as now, Twitter made $37 million in profit which, while nothing to sniff at, hints that the company may have a stasis problem.
Twitter CEO Jack Dorsey's account has been compromised, again
Securing accounts online can be difficult, especially when you've got a lot of legacy access points laying around. Today's example is Twitter CEO Jack Dorsey, whose Twitter account has suddenly been hijacked to send random messages and racial slurs. A quick look at the messages (which are quickly being deleted) identifies their source as Cloudhopper, an SMS service Twitter acquired back in 2010. While newer users may not remember this period, but there was a time when SMS was the main way to use Twitter, and some have noted that Dorsey was still posting using text messages as recently as this year. Twitter announced that it is aware the account has been compromised and is investigating. I confirmed on my own account that texting 40404 from my registered number still works, and identifies the tweet's source app as Cloudfront. With no option for other protections, tweeting from Dorsey's account (or anyone else's) is just as easy as pulling off the increasingly common SIM hijack to steal their phone number. This isn't the first time someone's used a backdoor to send messages from Dorsey's account, however. In 2016, the group calling itself "OurMine" hijacked a number of high-profile accounts, including @Jack, and alleged that Vine stored passwords insecurely. Update: Twitter has confirmed that Dorsey's account is again secure, and without explaining how the exploit worked, said "there is no indication that Twitter's systems have been compromised." That would be consistent with someone swapping the CEO's SIM or somehow spoofing the number, neither of which would require actually compromising Twitter or accessing his account directly. Update 2 (8:27 PM ET): Twitter explained what happened and it was as I suspected, "The phone number associated with the account was compromised due to a security oversight by the mobile provider. This allowed an unauthorized person to compose and send tweets via text message from the phone number." Journalist Brian Krebs recommended using a Google Voice phone number to register online accounts, since that can be secured with 2FA and hardware keys, which mobile carriers don't support.
Twitter's Trust and Safety advisors say the company isn't listening
It's been three years since Twitter formed its Trust and Safety Council, tasked with combatting abuse and harassment plaguing the platform. According to a recent report from Wired, things aren't going well. A number of members on the council sent a letter to Twitter leadership this week expressing concerns that the company is no longer listening to their recommendations. In some acses, members claim that Twitter has months without responding to messages from council members.
