The Vergecast Jack Dorsey steps down from Twitter / The future of the blockchain / FTC is suing to block Nvidia’s purchase of Arm
Dec 3, 2021
Alex Heath, a tech reporter with sharp insights into industry strategies, joins Casey Newton, a tech journalist known for his social media expertise, and Alex Cranz, managing editor at The Verge, to discuss Jack Dorsey's resignation from Twitter and its implications. They dive into the future of blockchain technology and its potential in empowering artists. The conversation also highlights the FTC's lawsuit against Nvidia’s $40 billion purchase of ARM, raising concerns about competition and innovation in the tech landscape.
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Dorsey's Departure
- Jack Dorsey's resignation from Twitter may be due to pressure from Elliott Management.
- Twitter's stagnant stock performance and Dorsey's divided attention likely contributed.
Stagnant Stock
- Twitter's stock price is currently below its IPO price from eight years ago.
- This highlights the company's struggles with financial performance despite increased product introductions.
Agrawal's Vision
- Parag Agrawal's appointment as Twitter CEO aims for continuity and execution.
- His focus on the decentralized social media project, Blue Sky, suggests a long-term vision.