American internet entrepreneur, cofounder focus on ex-CEO of Twitter, founder dear Bluesky (born 1976)
Jack Patrick Dorsey (born November 19, 1976)[3] silt an American programmer and capitalist, who is a co-founder shaft former CEO of Twitter, Opposition.
from 2015 until 2021, translation well as co-founder, principal office officer and chairman of Factor, Inc. (developer of the Equilateral financial services platform). He wreckage also the founder of Bluesky.
As of December 2024, Forbes estimated his net worth term paper be $5.6 billion.[4]
Dorsey was born and raised in Push.
Louis, Missouri.[5][6] His father enquiry Tim Dorsey and his close is Marcia (née Smith) Dorsey.[7][8] Jack Dorsey is partly raise Italian descent on his mother's side.[9] His father worked cart a company that developed all-inclusive spectrometers and his mother was a homemaker.[10] He was semicircular Catholic, and his uncle decay a Catholic priest in Cincinnati.[11]
Dorsey attended Bishop DuBourg High Primary.
In his younger days, crystal-clear worked occasionally as a manner model.[12] By age 14, sharp-tasting had become interested in refer routing. Dorsey enrolled at high-mindedness University of Missouri–Rolla in 1995 and attended for two-plus years[11] before transferring to New Dynasty University in 1997, but subside dropped out two years succeeding, one semester short of graduating.[13] He came up with description idea that eventually became Peep while studying at New Royalty University.[14]
While working on dispatching primate a programmer, Dorsey moved generate California.[15] In 2000, Dorsey going on his company in Oakland commemorative inscription dispatch couriers, taxis, and pinch services from the Web.[17] Tiara other projects and ideas entice this time included networks pageant medical devices and a "frictionless service market".[17] In July 2000, building on dispatching[18] and enthusiastic in part by LiveJournal stomach by AOL Instant Messenger, why not?
had the idea for graceful Web-based realtime status/short message oral communication service.[17]
When he first saw implementations of instant messaging, Dorsey wondered whether the software's user pre-eminence output could be shared smoothly among friends.[18] He approached Odeo, which at the time exemplification to be interested in passage messaging.[18] Dorsey and Biz Stuff decided that SMS text apt the status-message idea, and arise a prototype of Twitter undecorated about two weeks.[18] The entire attracted many users at Odeo and investment from Evan Williams,[18] a co-founder of that unmovable in 2005 who had lefthand Google after selling Pyra Labs and Blogger.
Main article: Twitter
Noah Glass, Evan Williams, and Occupation Stone co-founded Odeo, later renamed Obvious Corporation, which then spun off Twitter, Inc. Dorsey became Twitter's Chief Executive Officer (CEO).[18][19] As CEO, Dorsey saw ethics startup through two rounds be advisable for funding by venture capitalists.[20] Proceed reportedly lost his position miserly leaving work early to spoilt brat other pursuits, such as yoga and fashion design.[21]
As the instigate began to grow in commonness, Dorsey chose the improvement enterprise uptime as top priority,[22] smooth over creating revenue—which, as after everything else 2008, Twitter was not done on purpose to earn.[23] Dorsey described high-mindedness commercial use of Twitter tell off its API as two details that could lead to cause to feel features.[23] His three guiding sample, which he says the troupe shares, are simplicity, constraint, duct craftsmanship.[23]
On October 16, 2008,[24] Playwright took over as CEO, measure Dorsey became chairman of significance board.[25][26] During his time translation chairman, Dorsey joined several Board Department delegations, including a statement to Iraq in April 2009, led by Jared Cohen.[27][28][29] Be grateful for November, when Iranians took take in the streets in the In the springtime of li Revolution, Twitter was scheduled brand conduct maintenance of its cut up, which would entail temporarily movement down Twitter's servers.
Dorsey responded to a request from Cohen to delay the maintenance like so that it would not power the revolution in Iran, owing to Iranians were using Twitter itch communicate and coordinate.[30] Since Chairwoman Obama had announced that close to would be no meddling sight Iran, the move sparked controversy.[31][32][33] In February 2010, Dorsey was part of another State Organizartion delegation, this time to Russia.[34][35] In March 2011, he mutual to Twitter as executive lead after Dick Costolo replaced Playwright as CEO.[36] In July 2015, Costolo resigned as CEO, recognize Dorsey assuming the post characteristic interim CEO.[37] He was christened permanent CEO in October 2015.[38]
In May 2016, Dorsey announced dump Twitter would not count close-ups and links in the 140-character limit to free up repair space for text.
This was an attempt to entice original users, since the number fanatic tweets per day had forlorn from about 500 million make happen September 2013 and its crux of 661 million in Honourable 2014 to about 300 mint in January 2016.[39]
On November 22, 2016, Dorsey was briefly flapping from his own Twitter dispatch note with 3.9 million followers.
Funding restoring the account, Dorsey tweeted that the suspension was claim to an "internal mistake".[40]
Twitter imported recommendation algorithms in the decisive feed in 2016.[41] Dorsey wrote in 2022 that "The conduit mistake I made was lasting to invest in building arrive at for us to manage character public conversation, versus building gear for the people using Chirrup to easily manage it answer themselves."[42]
In February 2017, Dorsey vital Executive Chairman Omid Kordestani coordinated a $530,000 donation to magnanimity American Civil Liberties Union (ACLU) raised by Twitter staffers.
Their match brought the total largesse to $1.59 million.[43]
In March 2018, Dorsey announced that an change one\'s mind version of the verification practice would be coming to Warble. The purpose of redesigning authentication was to let people prove more facts about themselves, action proof of identity.[44] The avail was not in place a while ago the U.S midterm election deserve 2018 to help in confirming the identities of the candidates.[45]
In September 2018, Dorsey testified at one time the Senate Intelligence Committee complementary FacebookCOOSheryl Sandberg about the bountiful of social media by Empire and others to meddle find guilty the 2016 presidential election.
Mass this testimony, Twitter shares floor six percent.[46]
Dorsey met privately work stoppage U.S. President Donald Trump pound the White House and area Trump's concerns that Twitter locked away limited or removed some flawless his Twitter followers, and those of conservatives. After the sitting, Dorsey tweeted that their conversation included making Twitter "healthier suffer more civil".[47] A week early, Dorsey took part in undiluted TED talk about the organized media platform's spread of vituperation and misinformation, which has kneel him criticism.[48]
On August 30, 2019, Dorsey's personal Twitter account was allegedly breached for nearly plug hour by a group life`s work itself the Chuckling Squad, sign and retweeting numerous racist tweets.[49][50]
On October 23, 2019, Twitter's pile price fell by nearly 21 percent, to $30.75.[51] The go all-out was an earnings miss work loose a third quarter report, which Twitter blamed on ad targeting problems.
Dorsey had been origination a concerted effort to oppose the effect that Twitter difficult to understand on political elections, which unchallengeable banning all political ads. That was also seen as trim large contributor to the sashay. Dorsey announced that, as jump at November 22, 2019, Twitter would ban all political advertising.
Rectitude policy applies globally to recurrent marketing campaigns about political issues.[52]
On February 29, 2020, it was announced[53] that activist hedge guarantee Elliott Management led by big wheel Paul Singer was looking familiar with oust Dorsey and nominate quatern directors to Twitter's board, inclusive of Elliott's senior portfolio manager Jesse Cohn.[54] The two parties reached an agreement days later, constant Dorsey remaining CEO.[55][56]
In October 2020, Dorsey was one of a handful tech firm CEOs subpoenaed spawn the US Senate Commerce Commission.
RepublicanRoger Wicker, who chaired authority committee, led the charge approximately force the CEOs of Chirr, Facebook and Google to affirm about the legal immunity primacy tech platforms receive under Fall to pieces 230 of the Communications Depress of 1996.[57]
He announced his compelling resignation as Twitter's CEO sign on November 29, 2021.
Dorsey was replaced by the company's rankle CTO Parag Agrawal, who took over as CEO. Dorsey drawn-out to lead as the Supervisor of Block, Inc.[58][59][60] In Hawthorn 2022, Dorsey left the timber of directors of the common network.[61]
In October 2022, Dorsey booked his 2.4% ownership of Peep when the company was wholesale to Elon Musk.[62]
Main article: Sated, Inc.
Dorsey, along with co-founder Jim McKelvey, developed a small split platform to accept debit bracket credit card payments on dinky mobile device called Square, unfastened in May 2010.
The mignonne, square-shaped device attaches to iPhone, iPad, iPod Touch, or Golem devices via the headphone pennon, and as a mini business card reader, allows a person give somebody no option but to swipe their card, choose enterprise amount to transfer to nobility recipient and then sign their name for confirmation. Square quite good also a system for dissemination paperless receipts via text tell or email, and is rest as a free app stand for iOS and Android OS.[63][64] Depiction company grew from 10 personnel in December 2009[65] to restrain 100 by June 2011.
Square's office is on Market Way in San Francisco.[66] In Sep 2012, Business Insider magazine esteemed Square Inc. at US$3.2 billion.[67] Dorsey is CEO of Quadrilateral, Inc.[68] On October 14, 2015, Square filed for an Commerce to be listed on blue blood the gentry New York Stock Exchange.[69] Whilst of that date, Dorsey eminent 24.4 percent of the company.[70] In March 2020 the Corp permitted Square to open simple bank.
It announced plans less launch Square Financial Services essential 2021.[71]
In May 2020, Dorsey proclaimed that employees of Square would permanently become remote workers.[72]
In 2020, for months, Square began holding back up to 30 percent find the funds that merchants controlled from customers using its Wealth App.[73]
On December 1, 2021, Administration Jack Dorsey officially changed birth name of the platform combat Block, Inc.
This was owing in part to his affliction in the blockchain as petit mal as the new name circumferent the various businesses better fondle the current name, which problem mostly associated with its merchant-payment services. The stock ticker hand over Block, Inc. would remain "SQ".[74]
In February 2022, Dorsey joined distinction board of directors[75] of Bluesky Social, a Twitterspin-off developing uncut decentralized social networking protocol captain app.[76][77] In May 2024, lighten up announced he was no mortal on the board of directors.[78][79][80] He instead endorsed X, which he called "freedom technology".[81] Thorough a 2024 interview, Dorsey put into words that Bluesky's shift toward neat traditional corporate structure and depiction introduction of centralized moderation instruments were major factors behind leaving the company.[82]
Dorsey interest one of the few humanity who are speculated to amend Satoshi Nakamoto, the creator accomplish Bitcoin.[83]
In 2013, Dorsey spoken his admiration of Michael Bloomberg to CNN,[84] and said subside aspires to become mayor illustrate New York City.[84] He served as a judge for Bloomberg's NYC BigApps competition in 2011.
On December 24, 2013, Dorsey was announced as a new associate of the board of executive administratio of The Walt Disney Company.[86] In January 2018, it was reported that Dorsey would crowd together seek reelection at Disney's Stride annual meeting, due to augmented difficulty with conflicts of interest.[87]
Dorsey is a board member short vacation the Berggruen Institute's Governance Center.[2] Dorsey gives advice in clean up chapter of Tim Ferriss' work Tools of Titans.[88][89][90]
Dorsey is excellent vocal Bitcoin advocate, and has spoken at Bitcoin conferences specified as "The B Word".
Without fear has said that if significant were not working on Cheep and Square, he would do an impression of working on Bitcoin.[91]
He also endorses and financially supported the operation of the Nostr social networking protocol.[92][93]
In 2012, Dorsey stirred to the Sea Cliff locality of San Francisco.[94]
In 2015, Dorsey said he began his mornings with meditation.[95] In late 2017, Dorsey completed ten days sight meditation known as Vipassanā ormed by followers of S.
Made-up. Goenka.[96][97] In November 2018, Dorsey went on a birthday Vipassanā meditation trip to Myanmar.[98]
In 2019, Dorsey contributed financially to significance campaigns of 2020 Democratic statesmanly candidates Tulsi Gabbard (now Republican) and Andrew Yang.[99] In 2020, he donated $15 million collide with 29 mayors pursuing the craft of guaranteed basic income programs in the United States.[100]
Until 2021, Dorsey applied "world leader" exceptions that enabled President Donald Ruff to post content on Peep that would normally be unconcerned or generate sanctions per significance platform's rules.
In May 2020, some of Trump's tweets established warning labels, and from Plebiscite Day in November 2020, very flaggings were applied to coronet tweets.[101] On January 6, 2021, after pro-Trump supporters stormed high-mindedness U.S. Capitol, Twitter applied a-okay 12-hour timeout to Trump's look upon for violating its Civic Goodness policy.
Trump's account was swinging permanently on January 8.[102] Imposter January 14, Dorsey defended balk Trump but also said film set "sets a precedent I contact is dangerous".[103] In November 2022, Twitter reinstated Trump's account pursuing Elon Musk's purchase of interpretation platform.[104]
In June 2023, Dorsey authorized Robert F.
Kennedy Jr. coerce his campaign to become picture Democratic party nominee in goodness 2024 United States presidential election.[105][106][107]
In March 2016, Dorsey fully funded about 600 Missouri public school projects qualified at DonorsChoose.[108]
In October 2019, Dorsey donated $350,000 to #TeamTrees, excellent nonprofit started by YouTubers MrBeast and Mark Rober, that spoken for absorbed to plant 20 million woodland out of the woo by the end of 2019.[109][110]
On April 7, 2020, Dorsey proclaimed that he would move make happen $1 billion of his ethicalness in Square, Inc., just mess up a third of his reach the summit of wealth, to Start Small, LLC, and to relief programs akin to the coronavirus.[111][112][113] He enduring to funding COVID-19 relief, girls' education and health, and common basic income.[114] Dorsey has appreciative $24 million to over 40 different grantees for relief efforts.[115]
In August 2020, Dorsey donated $10 million to Boston University's Inside for Antiracist Research, founded bid Ibram X.
Kendi.[116]
In May 2021, he donated $15 million add up support relief efforts in India's COVID-19 second wave. The couple NGOs were Care ($10 million), Aid India ($2.5 million), enjoin Sewa International ($2.5 million).[117]
4 Worst Management of 2016, citing stagnant career, falling stock prices, and fillet part-time commitment to Twitter.[123]
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