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The Latest Breaking News from Jack Dorsey

'Enormously Risky': How NFTs Lost their Luster

A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies are crashing and some fear NFTs could be next. NFTs are tokens linked to digital images, "collectable" items, avatars in games or property and objects in the burgeoning virtual world…

Asharq Al-Awsat

Jack Dorsey Outlines Block's Bitcoin-Centric Future, Says Company Is No Longer Just A Payment Firm

On Wednesday, the Block (NYSE: SQ) executives, on its first investor day in five years, agreed that the company no longer wants to be seen as a single-product company.

Benzinga

Jack Dorsey: Block's Entire Business Will Move Faster Thanks To Bitcoin

Jack Dorsey, CEO of Block Inc (NASDAQ: SQ), expects Bitcoin (CRYPTO: BTC) to be the driving force of the company’s business expansion across the globe,

Benzinga

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Mike Solana Wants You To Commit Thoughtcrimes

The Hereticon organizer on deplatforming, tribalism, and why tech dudes and journalists are natural enemies

Reason

Bitcoin Advocate Jack Dorsey Believes BTC Price Will Again Rise: Here's Why

Twitter Inc (NYSE: TWTR) founder and an avid Bitcoin (CRYPTO: BTC) bull Jack Dorsey has said that the price of the apex crypto will again rise after the recent plunge.

Benzinga

Elon Musk puts Twitter takeover on hold - but insists he's 'still committed' to bid

The billionaire Tesla owner confirmed that his bid for social media platform has been put on a 'temporary hold'.

Daily Record

Jack Dorsey's Block Would Shine If It Wasn't For Bitcoin Holding It Back, Says Analyst

Equity research analysts from Mizuho believe that Jack Dorsey’s payments firm Block Inc (NASDAQ: SQ) should downplay its association with Bitcoin (CRYPTO:

Benzinga

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Neither Trump Nor Biden, Elon Musk Wants A 2024 Presidential Candidate Who Isn't '8000 Years Old'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said President Joe Biden is mistaken in thinking he was elected to “transform the country.”

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Elon Musk Suggests You Use Chronological Tweets Feature Over Whatever 'The Algorithm' Suggests

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Wednesday favored the chronological order of tweets rather than the algorithm-driven option.

Benzinga

Bitcoin Bull Jack Dorsey Likens Coinbase To A Casino

Twitter Inc (NYSE: TWTR) founder and CEO of Block Inc (NYSE: SQ) Jack Dorsey equated rival Coinbase Gobal, Inc (NASDAQ: COIN) with a cas

Benzinga

Elon Musk Has Good Reasons for Wanting To Reverse Twitter's Trump Ban

Plus: A democratic socialist running for office is caught up in a MeToo witch hunt, inflation woes continue, and more...

Reason

Apollo Looks To Lead $1B Preferred Financing For Musk's Twitter Bid

Apollo Global Management, Inc (NYSE:APO) discussed leading preferred financing for Elon Musk's proposed buyout of Twitter Inc (NYSE:TWTR), Bloomberg reports. The funding, arranged by Morgan Stanley, will exceed $1 billion and may include Sixth Street Partners, among other firms. Musk recently bagged $7.1 billion in equity commitments from investors including Larry Ellison, Sequoia Capital, and Qatar. …

Benzinga

Twitter Founder Jack Dorsey Backs Elon Musk On Reinstating Donald Trump

Twitter Inc (NYSE: TWTR) co-founder Jack Dorsey, who was the CEO of the company when former President Donald Trump was permanently banned from the social media website, said it was a “business decision” that led to the expulsion of the latter.

Benzinga

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Daily Record

Elon Musk vows to reverse Donald Trump's Twitter ban if takeover is successful

The former US President was banned from the platform for breaching its 'glorification of violence' policy following the deadly storming of the Capitol.

The Guardian - US

Florida pension fund sues Elon Musk and Twitter to stop buyout

The class-action lawsuit argues that the deal cannot close before 2025

Benzinga

Will Twitter Get More Crypto-Friendly With Musk's Investments From Binance And a16z?

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has landed backers for his buyout of social media platform Twitter Inc (NYSE: TWTR).

The Guardian - UK

NFTs: the great rush may be over – but are they in actual decline?

Jack Dorsey’s first tweet sold for $2.9m in 2021 then could not get past $14,000 at auction last month. But some projects have thrived

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news in one place.

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Tribune News Service

Elon Musk secures $7.1 billion in new financing for Twitter

Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., winning the backing of some of the world’s largest investors.

Benzinga

Tesla Chief Likely To Take Over As Temp Twitter CEO: CNBC

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

InsideEVs

Musk Raises $7.1B From Investors, May Become Twitter Interim CEO

The $7.1 billion to fund the acquisition of Twitter sees Elon Musk's margin loan against his shares in Tesla reduced from $12.5 billion to $6.25 billion.

Input

Binance invests in Elon Musk takeover, cementing Twitter's crypto ties

But Elon Musk's views on cryptocurrency in general are anything but certain.

Benzinga

Twitter Offshoot Bluesky Releases Early Code For Decentralized Social Network

Twitter Inc (NYSE: TWTR) offshoot Bluesky has released its first open-source code for a decentralized social network.

The Guardian - US

Musk seeks to use less of his fortune with bid for more Twitter funding

The tech mogul is looking at various options such as pledging his shares of Tesla to secure bank loans

Benzinga

Jack Dorsey Says This Was His 'Biggest Failing' At Twitter

Twitter, Inc.'s (NASDAQ: TWTR) co-founder Jack Dorsey, who gave up his chief executive officer role at the social media platform late last year, shared his insights into what it would take to reinvigorate the platform.

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