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Jack Dorsey to take on Elon Musk’s Twitter with new app Bluesky

Jack Dorsey, the co-founder of Twitter, is apparently testing another social networking application Bluesky to compete with Twitter.

Image Source: techtimes.com

Just as Elon Musk wraps up his $44 billion acquisition of Twitter, a small tech company created by former Twitter CEO Jack Dorsey has revealed the creation of a new social media app. Earlier this month, Bluesky announced that it would soon release a beta version of its Bluesky Social app.

Dorsey’s latest social media platform aims to be “a competitor to any company trying to own the underlying fundamentals for social media or the data of the people using it.” According to the press release, the new app will make use of the federated social network known as the Authenticated Transfer Protocol (AT Protocol), which is hosted by numerous sites instead of just one.

Bluesky announced, “The next step is to start testing the protocol. Distributed protocol development is a tricky process. It requires coordination from many parties once a network is deployed, so we’re going to start in private beta to iron out issues. As we beta test, we’ll continue to iterate on the protocol specs and share details about how it works. When it’s ready, we’ll move to the open beta.”

The company stated in its press release, “The word ‘Bluesky’ evokes a wide-open space of possibility. It was the original name for this project before it took shape, and continues to be the name of our company. We’re calling the application we’re building Bluesky because it will be a portal to the world of possibility on top of the AT Protocol.”

Jack Dorsey originally introduced Bluesky in December 2019, as Silicon Valley was bracing for a global “techlash” and a wave of disinformation and election meddling around the 2020 US election. Twitter, like all other big social networks, was battling a conundrum on how to control the voice of millions of users without running the danger of overreaching.

In order to build “an open and decentralized standard for social media,” Dorsey claimed Twitter would sponsor a “small independent team” of five software developers, with the eventual objective of transforming Twitter itself to this standard. Importantly, Twitter does not hold a majority stake in BlueSky. It has reportedly gotten $13 m in financing from Twitter as of April of this year, with the sole stipulation that its research is continued.

In a Q&A at the time, Dorsey stated that the primary and long-term objective is to create a sustainable and open framework for public conversation. Without any involvement from Twitter, Bluesky is controlled by its team itself. Bluesky aims to create a decentralized social network protocol so that various social media networks, each with its own systems of moderation and curation, can communicate with one another using an open standard.

Bluesky has been in the research stage since 2021, with 40–50 members of the decentralized technology community working to evaluate choices and putting together protocol ideas.

In 2006, Dorsey co-founded Twitter. He served as CEO of Twitter for a number of years after which he resigned. He was replaced by Parag Agrawal, the company’s CTO at the time. Recently, Agrawal was fired from the company along with the chief legal officer Vijaya Gadde, CFO Ned Segal, and the general counsel Sean Edgett shortly after Musk took over Twitter.

Twitter Blue

Twitter Blue to charge $20 Per Month for Blue Tick

Elon Musk has instructed Twitter employees to start charging more for Twitter Blue, which is the firm’s optional 4.99 USD per month subscription that provides some additional features for authenticated users. Musk has directed that the new Twitter Blue subscription, which also offers verified customers with a blue tick on the social networking platforms, cost approximately 19.99 USD, according to The Verge. The news comes as the “Chief Twit” presses to increase subscription revenue from the microblogging site.

Twitter Blue
Image Source: businesstoday.in

Furthermore, verified consumers will have 90 days to sign up or subscribe to the new plan or their blue checkmark would be removed. Besides that, On Sunday, Twitter staff members who were working on that project were told that they would be fired if the feature was not launched by November 7, according to The Verge.

On Sunday, Elon Musk tweeted, “The whole verification process is being revamped right now.” At present, Twitter Blue is operational in the US, Canada, Australia, and New Zealand.

Source: yourstory.com

Elon Musk dismissed some of Twitter’s top executives last week, after acquiring the social media company for 44 billion USD. These top executives included CEO Parag Agrawal, Chief Financial Officer Ned Segal, legal executive Vijaya Gadde and General Counsel Sean Edgett.

According to The New York Times, Musk has “planned to begin laying off workers” at Twitter as soon as on Saturday. Citing people with knowledge of the situation, the report said that some managers were asked to “draw up lists of employees to cut.”

Source: yourstory.com

Along with plans to bring back banned accounts, including that of former United States President, Donald Trump, Elon Musk hosted a poll on Monday to reinstate Vine.

Musk has acted fast to implement changes at Twitter, beginning with changing the homepage for logged-out users. He’s also planning mass layoffs of intermediate managers and developers who haven’t recently made a significant contribution to the code base with the help of Tesla technicians he’s brought in as advisors at Twitter.

Managers are already curating lists of employees to lay off, and the cuts are anticipated to begin this week. Employees tasked with carrying out Musk’s projects since his takeover Thursday evening have been operating late into the night and throughout the weekend.

The Twitter Blue Tick subscription became widely available almost a year ago as a way to see ad-free articles from selected publishers and make other changes to the app, such as changing the colour of the home screen icon.

Advertising stayed the large majority of Twitter’s revenue in the few quarters following its initial public offering. Elon Musk wants account subscriptions for half of the company’s whole revenue.

elon musk

Elon Musk changes plans, to not cut 75% of Twitter Jobs

Elon Musk informed Twitter employees that he does not intend to fire 75% of the workforce after taking over the organization. According to reports, Musk informed potential investors that he would fire 75% of Twitter’s staff, leaving the company with only 2,000 employees.

Elon Musk
Image Source: outlookindia.com

Elon Musk, the tech magnate and incoming boss of Twitter, reportedly informed staff members on Wednesday that he does not intend to lay off 75% of the company’s workforce. Musk, whose $44 billion Twitter acquisition appears to be on pace to close by Friday, refuted the previously reported lay-off estimate in a speech to staff members at Twitter’s San Francisco office.

Twitter employees who may have been anxious following a story in The Washington Post last week suggesting that the Tesla and SpaceX CEO had planned to fire 75% of Twitter’s workforce once he acquired control of the company would likely be relieved by Musk’s comments.

However, Twitter Inc. warned staff to expect loads of public rumors and speculation as the acquisition by Musk approaches and stated that there haven’t been any plans for company-wide layoffs since it inked the deal.

Nevertheless, there has been a noticeable air of sadness in the Twitter offices since Musk revealed his intentions to purchase the microblogging platform. Many high-level executives have already left the company since the acquisition was first revealed in April, citing Musk’s actions and public statements as the reason for their resignation.

As per the Washington Post report, regardless of who operates the company, workforce layoffs are anticipated in the near future, The report states that Twitter’s present management intended to reduce the corporation’s payroll by around $800 million by the end of 2023, which would result in the departure of close to a quarter of the employees.

Layoffs are still anticipated after the Tesla CEO’s takeover even if he does not lay off the company’s staff by 75%, sources have told Bloomberg. It was also reported that despite assurances from Twitter’s human resources department that mass layoffs were not in the works, substantial measures to fire employees and reduce infrastructure expenses were in place even before Musk made an acquisition offer.

Elon Musk released a video earlier on Thursday showing him entering the offices while holding a kitchen sink with the caption “Entering Twitter HQ – let that sink in!” He updated the description of his Twitter profile to “Chief Twit.” Musk recently posted to Twitter, “A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias.”

As per the Wall Street Journal, banks have begun transferring $13 billion in cash to support Musk’s acquisition of Twitter, indicating that the transaction will complete by the end of this week.

The cash will be made accessible for Musk to complete the purchase by the Friday time limit once all closing requirements have been satisfied.

After making an initial $44 billion offer to purchase Twitter, Musk withdrew his offer, claiming that Twitter had overstated the number of bogus “spam bot” accounts it had on its platform.

Twitter sued to hold Musk to the stipulations of the acquisition agreement, but a US court recently put a halt on the case after Musk changed his opinion, and gave the parties time till October 28 to complete the acquisition.

new feature

Twitter new feature allows users to combine GIFs, Photos, Videos & Memes in Single Tweet

Twitter is unveiling a brand-new feature that will enable users to tweet memes, gifs, and images all at once. The new feature will be released on both iOS and Android. 

new feature
Image Source: timesnownews.com

According to the company, everyone would be able to share different sorts of media via a single tweet. Late on Wednesday, Twitter stated in a blog post, “This feature will roll out globally to iOS and Android, with a chance to see mixed media Tweets on the web.”

Earlier anyone who wished to share several media types had to do it through different Tweets. Now, when users post their Tweet, they may choose and post a mix of up to four different forms of media, including images, memes, GIFs, and videos. They can do so by clicking the photo icon in the Tweet composer on the Twitter application.

Through this new feature, users can also change the layout of their media while creating a Tweet. Alessandro Paluzzi, a reverse engineer, discovered the feature for the first time in April. 

In addition to the option to post multiple media in a single tweet. Twitter also launched a vertical video experience similar to Instagram Reels in some countries. Twitter revealed that it would be releasing two improvements that would enhance the viewing experience for full-screen videos and combine video discovering with a new video carousel. Twitter made this announcement in a Tweet:

“Now on iOS, videos on your timeline will open in our full-screen immersive video player, where you can swipe up to keep discovering more content. Some of you on iOS and Android will also see recommended content in a new video carousel on the Explore “For You” page”.

Currently, the Explore tab video carousel assists users in discovering more videos as well as potentially interesting Tweets and Trends. This feature is currently accessible to users of Twitter on Android and iOS in a few selected nations. The improved immersive media viewer, according to the company, opens videos to a full-screen mode with a single click, enabling users to quickly get the complete, immersive viewing experience.

The company stated that the users of the Twitter app for iOS only needed to click or tap on a video to turn on this new feature. Twitter users noticed right away that this feature resembled the way they discovered and viewed videos on TikTok.

Recently, Twitter also introduced the new “Edit Button” feature for Twitter Blue users. in selected locations. Since Twitter Blue membership is not available in India, Indian Twitter users would have to wait a bit longer to enjoy the service. On October 3, Twitter sent a tweet post telling users that the Edit Button was now being made available to Twitter Blue subscribers in New Zealand, Australia, and Canada.

Through this new feature selected users can now edit their tweets on Twitter, which was previously not available. The tweet will, however, include the time of the most recent edit at the bottom. Users can also view the complete history of the editing to see what has already been written in the tweet.

Twitter is continuously test out new features and gaining knowledge from users’ interactions with the service. With over 23.6 million active Twitter users as of January 2022, India makes up the third-largest global audience on Twitter. 

everything app

Elon Musk may turn Twitter into ‘Everything App’

The renowned social media application, Twitter, is one of the most highly used apps around the world. Elon Musk claims to have “amazing” ideas for Twitter and wants to turn it into everything app.

everything app
Image Source: startuptalky.com

Musk has spoken of his objective to develop it into a super app, which aims to offer users a wide range of products and services and many of the services are not related to each other.

The term “super app” was first subjected to WeChat, which is owned by Chinese tech giant Tencent and has a variety of uses, making it popular throughout China. According to an earlier Forbes story, WeChat and other affiliated mini-apps “connect every facet of life in China,” from “hailing a cab, buying groceries, booking a doctor’s appointment, and purchasing insurance.”

Other examples of super apps include Grab in Southeast Asia, which began as a taxi-hailing app and has since expanded its services to provide transportation, food delivery, and financial services, and Alipay, a payment system owned by Chinese e-commerce giant Alibaba that offers a variety of services such as retail, bookings, utility bill payments, and more.

Mr Musk told Twitter staff earlier this year: “Think of it like WeChat in China, which is great now, but there’s no WeChat equivalent outside of China. There’s a real opportunity to create that.” “You basically live on WeChat in China because it’s so helpful, so useful to daily life. I think if we achieve that or come even close to that with Twitter, that would be a success”, He added.

“We continue to believe Musk saw the writing on the wall and knew his chances of a victory in Delaware were slim to none with the best path accepting the current deal and move forward,” an analyst at investment firm Wedbush, Dan Ives said.

Source: telegraph.co.uk

Elon Musk had been trying to back out of a deal to buy the social media company claiming that Twitter management’s figures for the number of fake accounts and “bots” on the social network were ambiguously low, but on Tuesday he announced a surprise reversal, saying he would buy the company for $54.20 per share. As Twitter pressed him to complete the takeover, he was facing a court battle.

On Tuesday, Musk gave no detail about the outlook of the app he wants to create but when one user suggested that creating X as a separate entity from scratch would be easier, Musk responded that taking over Twitter “accelerates” his plans to create X “by three to five years.”

Text messages between Mr Musk, his friends, and advisers revealed as part of his legal battle with Twitter revealed some of his thoughts on social media.

In one note to his brother, Kimbal, Mr Musk said: “I have an idea for a blockchain social media system that does both payments and short texts/links like Twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots.”

Source: telegraph.co.uk

Twitter has stated that it intends to proceed with the sale to Mr Musk. Twitter shares increased by 21% after the deal was redeemed. Tesla, his electric car company, saw its stock rise by 2%.

According to CNN experts, Elon Musk’s plan for a super app may be difficult to achieve. For one thing, several other social media apps, such as WhatsApp, Facebook, TikTok, and YouTube, are constantly competing to become super apps. Experts told the outlet that anti-monopoly regulations and policymakers’ opposition could be additional barriers.

Twitter

Twitter Takes Orders To Court Over The takedown of Content.

Twitter, a US microblogging platform, has requested a legal review of many requests for material removal it received from the Indian government. A lawyer and official from the Information Technology (IT) Ministry who were aware of the matter acknowledged that Twitter had submitted a case to the Karnataka High Court opposing the takedown requests. According to sources with knowledge of the situation, Twitter has taken legal action against some of the government letters demanding it removes particular content uploaded on the microblogging website in its most recent dispute with the Ministry of Electronics & Information Technology.

Twitter received a letter from the IT Ministry last month requesting that it comply with its directives by July 4 in order to maintain its safe harbor status under the intermediary rules.

The social network business filed a lawsuit against the Ministry’s content-blocking orders under Section 69(A) of the Information Technology Act, 2000 on Tuesday, alleging excessive use of power by government representatives. It has been learned that Twitter argued in its filing that many of these banning orders violate Section 69(A) of the Act both procedurally and substantively. This includes things like removing user-posted content without giving them a prior warning.

Twitter
Image source: themeghalayan.com

Another report claims that the business claimed MeitY failed to show how some of the content it wanted to be removed was in violation of Section 69. (A). Twitter has argued on many occasions that the criteria used to identify various accounts and pieces of information by the Ministry are “overbroad and arbitrary” or “disproportionate.”

According to a source, Twitter has also informed the court that some of the Ministry-identified content might relate to official political party accounts, and removing them might violate their right to free expression.

Ashwini Vaishnaw, Union Minister for Railways, Communications, and Electronics and Information Technology, said that nations around the world, including India, are moving toward making social media accounts. She was speaking to the media at the Entrepreneurship Development Institute of India in Gandhinagar. He said,

“Social media is a powerful medium. It has a lot of influence in our lives today. Its accountability is a valid question across the world. Countries and societies across the world are moving in the direction to make social media accountable.” 

Source: indianexpress.com

Multiple accounts and a few tweets from the international advocacy organization Freedom House, journalists, legislators, and backers of the farmers’ protest had been requested to be blocked by the government on Twitter.

Between January 2012 and June 2021, Twitter—which has over 24 million users in India—received over 17,000 demands from the government to remove Twitter accounts and tweets, of which it cooperated with only 12.2%. Around 1,600 accounts, 3,800 tweets, and 6,300 items were withheld in violation of Twitter’s terms of service.

According to the regulations governing these blocking orders, the government must submit any requests for blocking to a review committee, which subsequently provides these instructions. The majority of blocking orders issued under Section 69(A) of the IT Act are private in nature.

Days after giving the firm “one final opportunity” to abide by its blocking orders, the Ministry was sued by Twitter. The Ministry issued a warning in a memo late last month, stating that the company ran the risk of losing its immunity as an intermediary if the microblogging site did not remove content it had reported. Twitter had until July 4 to abide by the Ministry’s banning instructions.

India accounted for the fourth-highest number of lawful material takedown requests to Twitter between January and June 2021, according to the company’s most recent global transparency report. In the reporting period, Twitter received 43,387 legal requests to remove information referencing 196,878 accounts, with 11% of all requests coming from India.

Twitter noted a 1,060 percent rise in blocked accounts during this time period, noting that this was specifically due to Twitter’s compliance with an Indian blocking order issued under the Information Technology Act of 2000 in India.