this post was submitted on 25 Jul 2023
413 points (100.0% liked)
Technology
37805 readers
94 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Pretty sure its been losing brand value since musk bought it
That's why Jack Dorsey jumped on it. Why spend all your time and energy maintaining a completed project when you can take $44 billion and explore other, new projects..
Jack Dorsey did not make that decision. The company had a board that made the decision.
The board members they all loved a golden parachute with a valuation like that
But he did convince both Musk and the board that Musk would be the right buyer. He helped orchestrate this deal.
Dorsey was eager to sell in part because he knew the price was ridiculously high.