The End of an Era: Jack Dorsey Steps Away from Social Media

It seems like a fitting end to the first era of social media – former Twitter CEO Jack Dorsey confirmed over the weekend that he is no longer on the board for decentralized social media project Bluesky. This effectively marks Dorsey’s exit from the operational side of social media.

While Dorsey still retains shares in Twitter (now X), his focus has shifted to other projects like Block (formerly Square), which has a successful POS business and risky crypto investments.

Dorsey remains dedicated to Bitcoin and its potential as a democratizing force, especially in regions like Africa. However, the shift towards more speculative crypto ventures raises questions about Block’s direction.

Despite past criticisms of his leadership style, Dorsey’s departure from social media marks the end of an era where founders like him revolutionized the industry with their hoodie-clad, new-age vision.

As social media evolves into a more mature and responsible business, CEOs like Mark Zuckerberg and Evan Spiegel have adapted their personas to reflect this change. Dorsey, on the other hand, seems to have remained stuck in a counter-culture mindset that no longer aligns with the industry.

While Dorsey continues to support figures like Elon Musk, his exit from social media signifies a shift in the landscape of the industry. The lesson to learn from Dorsey’s journey is that idealism and capitalism may not always mix well in the fast-paced world of tech.

As we bid farewell to Jack Dorsey’s era in social media, we look ahead to the future of the industry, guided by new leaders who have grown with the times.