With major platforms struggling to make a profit, Dorsey is following the money. Cryptocurrency may be about to go mainstream
Jack Dorsey is resigning from Twitter to spend more time with his other company, Square. In some ways, the choice between Twitter and Square is a straight choice between political clout and profit. Square, a payments platform co-founded by Dorsey in 2009, is worth almost three times Twitter’s current value at about $97bn (£73bn). But Square will never be credited with the equivalent of the “Twitter revolution”, or make headlines by banning a former president.
Will social media die? Some platforms certainly will but not all. Twitter seems positively suicidal and FB is not far behind.
