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Twitter's Former CEO Jack Dorsey's Journey: From Microblogging Pioneer to Billionaire

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Jack Dorsey on Monday stepped down as the chief executive officer of Twitter, the social media firm he helped found in 2006 and steered through a high-profile hack and the controversial banning of former US President Donald Trump.

Dorsey, who also helms fintech firm Square, will be succeeded by Chief Technology Officer Parag Agrawal.

Here is a timeline of milestones in Dorsey tenure at Twitter:

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2006: Typed out the microblogging platform’s first post: “just setting up my twttr”.

2008: Co-founder Evan Williams took over as CEO after the board pushed Dorsey out. Dorsey assumed the role of chairman.

2013: Twitter went public at a valuation of $31 billion (roughly Rs. 2,32,400 crore).

2015: Dorsey returned as CEO after Dick Costolo stepped down.

2017: A Twitter employee on his last day deactivated then US President Donald Trump’s account which was restored 11 minutes later.

2018: Twitter increased the character limit of tweets to 280 from 140, sparking a mixed reaction in twitterverse.

2020: Activist hedge fund Elliott Management pushed for changes, including the removal of Dorsey as CEO.

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2020: Twitter reached an agreement with Elliott to add three new directors for letting Dorsey stay on as CEO.

2021: In the wake of the riots at the Capitol, Twitter permanently suspended Trump’s account, with the company citing a risk of further incitement of violence.

2021: Twitter outlined plans in February to attain at least $7.5 billion (roughly Rs. 56,230 crore) in annual revenue and 315 million monetisable daily active users, or those who see ads, by the end of 2023.

2021: In March, Dorsey sold his first tweet as a non-fungible token (NFT) – a kind of unique digital asset – for just over $2.9 million (roughly Rs. 21,745 crore).

2021: Former US President Donald Trump in July filed lawsuits against Twitter, Facebook, and Alphabet’s Google, as well as their chief executives, alleging they unlawfully silence conservative viewpoints.

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2021: The company said it had 211 million average monetisable daily active users, as of the three months ended September 30.

2021: Dorsey’s net worth is $11.8 billion (roughly Rs. 88,500 crore) as of November 29, according to Forbes.

© Thomson Reuters 2021


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Meta Says Will Share More Political, Social-Issue Advertisements Targeting Data in Public Database

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Facebook owner Meta Platforms will share more data on targeting choices made by advertisers running political and social-issue ads in its public ad database, it said on Monday.

Meta said it would also include detailed targeting information for these individual ads in its “Facebook Open Research and Transparency” database used by academic researchers, in an expansion of a pilot launched last year.

“Instead of analysing how an ad was delivered by Facebook, it’s really going and looking at an advertiser strategy for what they were trying to do,” said Jeff King, Meta’s vice president of business integrity, in a phone interview.

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The social media giant has faced pressure in recent years to provide transparency around targeted advertising on its platforms, particularly around elections. In 2018, it launched a public ad library, though some researchers criticised it for glitches and a lack of detailed targeting data.

Meta said the ad library will soon show a summary of targeting information for social issue, electoral or political ads run by a page.

“For example, the Ad Library could show that over the last 30 days, a Page ran 2,000 ads about social issues, elections or politics, and that 40 percent of their spend on these ads was targeted to ‘people who live in Pennsylvania’ or ‘people who are interested in politics,’” Meta said in a blog post.

Meta said the additional information in the ad library will be added in July. It said the data for vetted researchers will be available at the end of May and will show information since August 2020.

The company has run various programmes with external researchers as part of its transparency efforts. Last year, it said a technical error meant flawed data had been provided to academics in its “Social Science One” project.

In 2021, the company said it had disabled the accounts of a group of New York University researchers studying political ads on its platform because of user privacy concerns.

© Thomson Reuters 2022

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Elon Musk-Twitter Deal Is a ‘Breath of Hope’, Says Brazilian President Jair Bolsonaro

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Brazilian President Jair Bolsonaro called Elon Musk’s proposed takeover of Twitter a “breath of hope” as the two met in Brazil on Friday, adding he hoped the US billionaire would help end the “lies” about his widely criticised stewardship of the Amazon rainforest.

Bolsonaro and Musk, the CEO of electric carmaker Tesla and rocket company SpaceX, met to discuss rural Internet connectivity and monitoring of the Amazon. The meeting comes at a sensitive time for both men.

Bolsonaro faces an uphill battle to get re-elected in the October, and has become increasingly isolated on the global stage, while Musk was on Thursday accused of sexual harassment in a news report – an allegation he denies.

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Bolsonaro, a far-right nationalist, has blasted major social media platforms for their efforts to combat disinformation, including taking down his baseless comments linking COVID-19 vaccines to developing AIDS. Musk, who Bolsonaro called a “legend of liberty,” has vowed to defend free speech on Twitter.

Bolsonaro has been globally condemned for advocating more mining and farming in the Amazon and for Brazil’s environmental backsliding. Recent satellite data show deforestation of the Brazilian Amazon has surged to a 15-year high under Bolsonaro.

Speaking alongside Musk at an upscale hotel in the countryside near Sao Paulo, Bolsonaro hailed the billionaire’s bid for Twitter, saying “it was like a breath of hope.”

“We need, and are counting on Elon Musk for the Amazon to be known by all in Brazil and the world, to show … how we have protected it, and how much harm is caused by those who spread lies about that region,” he told a news conference.

Later, in a press conference without Musk, Bolsonaro gushed about meeting the US billionaire. “It’s the start of a relationship which I’m sure will soon end in marriage,” he said.

Bolsonaro added that Musk’s Twitter purchase would represent “the freedom of press that we always want and desire, total freedom, without limit,” he said.

Bolsonaro also said that he was making Brazil’s Alcântara space base near the equator available to Musk’s rockets.

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Musk tweeted on Friday afternoon that he aimed to discuss further monitoring of the rainforest and an effort to bring broadband internet to rural areas – a scheme that he had previously discussed with members of Bolsonaro’s government.

Musk was not asked about harassment allegations when he took questions after arriving in Sao Paulo, where he was also greeted by business leaders such as Telecom Italia Chief Executive Pietro Labriola and Banco BTG Pactual Chairman Andre Esteves.

Musk’s meeting with Bolsonaro, a longtime conservative firebrand who defends Brazil’s 1964-1985 military dictatorship, is indicative of the right-ward drift of his personal politics. On Wednesday, he said he previously voted for Democrats, but will now vote for Republicans.

For Bolsonaro, who has worried international observers as many fear that he may refuse to hand over power if he loses the October election, Musk’s visit was a public relations coup.

Bolsonaro lost an ally when former US President Donald Trump lost his 2020 re-election bid, and has not spoken with US President Joe Biden since the Democrat took office.

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© Thomson Reuters 2022


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WhatsApp Request Account Inform Feature Rolling Out on Desktop: Report

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WhatsApp has reportedly started rolling out a beta update that lets users request their account information on WhatsApp desktop. The feature was initially introduced on Android and iOS to comply with EU’s General Data Protection Regulation (GDPR). The Request Account Info feature is said to only be available after updating your WhatsApp desktop to the latest beta version. The feature seems to be rolling out slowly, and is said to currently only available to beta testers. WhatsApp earlier this week also began introducing free cloud-based API services in a push to get more businesses using the app. A recent report had also indicated that WhatsApp Premium, a subscription-based model, is being tested for WhatsApp Business.

As per a recent report by WhatsApp features tracker WABetaInfo, the social media app has started rolling out a beta update that lets users Request Account Info on WhatsApp desktop. The feature was limited to WhatsApp on Android and iOS till now. Users will be able to access the “Request Account Info on Desktop” feature only after updating their WhatsApp desktop beta to the latest – it has currently been spotted in v2.2219.3 beta, but was initially spotted in development in the v2.2204.1 beta version – though at time, it was not visible to testers. Even now, the report mentions that the feature may only be available to certain beta users.

The WhatsApp Request Account Info feature was introduced for Android and iOS in 2018 as a part the company’s compliance with the EU’s GDPR rules. When users request a report from WhatsApp, it gets ready in three days. However, users may have to wait for some more time before they are able to download it. The report will encompass details including all activity information, contacts device details, or privacy settings.

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In other news, WhatsApp this week announced it is also introducing free cloud-based API services in a push to get more businesses using the app. WhatsApp already has an API, or type of software interface, for businesses to connect their systems and engage in customer service chats on the service, which generates revenue for Meta.

A recent report had also indicated that WhatsApp Premium, a subscription-based model, is being tested for WhatsApp Business. Under this model, business accounts may choose to pay a certain sum for various features and capabilities. Reportedly, WhatsApp Business profile owners can also opt out of WhatsApp Premium and continue using the current version. The first mention of a subscription plan was in April when it was reported that the feature will allow businesses to link up to 10 devices after they subscribe to a plan.


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