Jack Dorsey resigned as CEO of Twitter, one of his companies changed his name. Square, the digital payment company he owns and owns, will now come under the new company name Block.
In October, the Facebook group adopted Meta as its new company name.
And in the same way, individual businesses owned by Block. The “building blocks”, as the company puts it, like Square and the music distribution platform Tidal, retain their original names.
‘Economic Development’
Square business combines payment systems – like card readers – with merchant bank products.
“We have built a Square brand for our retail business, which is where it belongs,” said Mr Dorsey.
“Block is a new name but our goal of economic empowerment remains the same.
“No matter how we grow or change. We will continue to build tools that will help increase access to the economy.”
Jack Dorsey said on Twitter: “We have been working to make this change for over a year. And we only represent a change in the name of our official company. Not our purpose, vision, structure, or way of working”.
Referring to Facebook’s rewriting, the company wrote on Twitter: “Not to get all the details about you … but we will.
“‘Block’ refers to neighboring blocks where we find our vendors. Blockchain, block parties full of music, obstacles to overcome, part of the code, building blocks and, of course, tungsten cubes.”
Jack Dorsey is best known for his interest in cryptocurrencies and blockchain technology that empowers them.
cryptocurrency team on Twitter
He had recently set up a cryptocurrency team on Twitter. Looking at how the company accepts digital assets and split applications.
Square Crypto, an in-unit unit “dedicated to developing Bitcoin”, is also rewritten, as Spiral.
And the renaming of the name Block has been taken by many to suggest. That the company will focus more on these areas in the future.
“In many ways, the renaming of the name also reflects. Jack Dorsey well-known passion for cryptocurrency” the technology news website Engadget wrote.
“After all, this is the man who wanted the world to know he had a Bitcoin clock in his kitchen.”
early life
Jack Dorsey was born and raised in St. Louis. Louis, Missouri, son of Tim and Marcia (née Smith) Dorsey . He is of Italian descent. His father worked for a company that made mass spectrometers and his mother owned a house. He was raised a Catholic, and his uncle is a Catholic priest in Cincinnati.
He attended Bishop DuBourg High School. In his younger days, Dorsey worked as a fashion model from time to time. By the time he was 14, Dorsey was still interested in posting a route. One of the open source software he created in the shipping area is still used by taxi companies. Dorsey enrolled at the University of Missouri-Rolla in 1995 and studied for more than two years before moving to New York University in 1997, but dropped out two years later, one semester missing. He came up with an idea that eventually turned into Twitter while studying at NYU.
While working in shipping as a program editor, Dorsey moved to California. In 2000, Dorsey started his company in Oakland to send couriers, taxis, and emergency services to the Web. Some of his designs and ideas during this period included medical equipment networks and the “wireless service market”. In July 2000, further promoting and partially promoted by LiveJournal. And AOL Instant Messenger, he embarked on a real-world web-based. Messaging / messaging service.
instant messaging
When he first saw the use of instant messaging. Dorsey and Biz Stone decided the SMS text was appropriate for the status message view. And built a Twitter model in about two weeks. The idea attracted more Odeo users and investments from Evan Williams, the company’s founder in 2005 who left Google after selling Pyra Labs and Blogger.
Williams, Stone and Noah Glass co-founded Obvious Corporation, which came out on Twitter, Inc., with Dorsey as CEO. As CEO, Dorsey saw the implementation of two phases of venture capitalist ventures. He reportedly lost his early retirement to enjoy other things, such as yoga and fashion design.
As the service began to grow in popularity. Dorsey chose the development of time as a priority. Jack Dorsey described the commercial use of Twitter and its API as two potential contributors to paid features. He says his three guiding principles, which he says the company shares, are simple, binding and professional.
Williams took over as CEO
On October 16, 2008, Williams took over as CEO, with Dorsey as chairman of the board. During his tenure as chairman, Dorsey joined several State Department delegates, including a delegation to Iraq in April 2009, led by Jared Cohen. Dorsey responded to Cohen’s request for a delay in maintenance so as not to affect Iran’s transformation, because the Iranians were using Twitter to communicate and connect.
As President Obama had announced that there would be no interference in Iran, the move sparked controversy. In February 2010, Dorsey was part of a State Department delegation, this time in Russia. On March 28, 2011, he returned to Twitter as chairman after Dick Costolo took over as Williams’ CEO.
