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Elon Musk’s acquisition of Twitter has been a rollercoaster experience. The purchase of the social media giant came with significant changes including massive layoffs and payments for the once-coveted blue check. Not to mention, AfroTech reported that one of the significant shifts with Musk as CEO was the closing of Twitter’s Africa office. The Ghana office had only 20 employees but was closed just days after officially opening. Surprising moves like the layoffs and added restrictions have been back to back as Musk navigates his power leading the company. A recent development in the shake-up is the dissolution of its corporate development team that supported minority-owned venture capital firms. According to Forbes, Twitter could be backing out of its promise of millions to venture capital firms and small businesses.
Twitter co-founder and Block CEO Jack Dorsey just announced the official board members of his bitcoin development endowment in collaboration with Hip-Hop royalty Jay-Z. As previously reported by AfroTech, Dorsey has expressed interest in the power of bitcoin and other forms of cryptocurrency. He will now put some action behind the talk of using the digital form of currency to leverage his business. Jack Dorsey is following through on his commitment with Jay-Z to pledge 500 BTC to set up ₿trust, an endowment to fund bitcoin development focusing on teams based in Africa and India. When AfroTech first told you the news in February 2021, Dorsey mentioned needing three board members, but he’s now announced four. The team will take zero direction from Dorsey and Jay-Z when getting started.
Jack Dorsey announced on Twitter Monday that he is resigning as CEO of the social networking company after nearly 16 years. not sure anyone has heard but, I resigned from Twitter pic.twitter.com/G5tUkSSxkl — jack (@jack) November 29, 2021 Dorsey has been leading Twitter in various roles since the social media giant was founded in 2006. He went from co-founder to CEO before being pushed out in 2008. Dorsey rejoined Twitter in 2011 as executive chair before taking over as CEO again in 2015. Twitter’s CTO Parag Agrawal has been named Dorsey’s successor, effective immediately, and Bret Taylor, Salesforce President, COO, and Twitter chairman, has been promoted to Twitter’s board chair. “I want you all to know that this was my decision, and I own it. It was a tough one for me, of course. I love this service and company…and all of you so much. I’m really sad…yet really happy,” Dorsey said in an email he shared on Twitter. “There aren’t many companies that get to this level. And there...
Twitter Spaces is giving beleaguered users a break. According to TechCrunch, the social media giant is now allowing users to invite co-hosts to help moderate the madness and mayhem that tends to break out every now and again. The outlet reports that users are allowed to have one main host, up to two co-hosts, and up to ten speakers in each creative space. The company made an official announcement about this new option on its dedicated Twitter account, which you can see below. making it easier to manage your Space…introducing co-hosting! – hosts have two co-host invites they can send – the table just got bigger: 1 host, 2 co-hosts, and 10 speakers – co-hosts can help invite speakers, manage requests, remove participants, pin Tweets and more! pic.twitter.com/s76JFbhTL2 — Spaces (@TwitterSpaces) August 5, 2021 Twitter, itself, is undergoing a bit of an overhaul. According to The Verge, the goal of Twitter Spaces is to occupy the space at the top of the screen where the now-defunct...
In less than a year of debuting its disappearing tweets feature, Twitter will be shutting down “fleets” after reporting low usage among its online users. According to a blog post from the platform, Ilya Brown — Head of Product, Brand & Video Ads at Twitter — reports that Twitter has not seen growth among users making good use of the Fleets feature — which allows users to share thoughts, photos and tweets for up to 24 hours — since launching last November. As a result, the feature will be discontinued on Aug. 3. “We built Fleets as a lower-pressure, ephemeral way for people to share their fleeting thoughts,” Brown wrote. “We hoped Fleets would help more people feel comfortable joining the conversation on Twitter. But, in the time since we introduced Fleets to everyone, we haven’t seen an increase in the number of new people joining the conversation with Fleets like we hoped. Because of this, on August 3, Fleets will no longer be available on Twitter.” The blog post also states that...
Roc-A-Fella Records recently stopped co-founder Damon Dash from selling his own (non-fungible token) NFT of Jay-Z’s 1996 “Reasonable Doubt” album. Now the billionaire Hip-Hop icon has announced that he will be making the sale himself. Variety reports that in honor of the album’s 25th anniversary, Jay-Z has partnered with artist Derrick Adams to create a one-of-a-kind animated digital artwork of the famous album’s cover, which is set to be auctioned off as an NFT in a special single-lot auction. “Over the years Jay has collected and supported my work, and so this collaboration is particularly fulfilling,” Adams said in a statement. “With this NFT project, we jointly embrace the opportunity to further the conversation about how artists of different mediums contribute to a more inclusive society. My portraits aim to capture the sensibility, optimism and beauty of urban life, and in Jay’s work I’ve found tremendous kinship.” According to Variety, this collaboration will be the first NFT...