Jack Dorsey is worldwide known for his successful achievements as an entrepreneur. Besides being by the side of Twitter, one of the most powerful social platforms on the market, he has also pursued other ambitions. For instance, he would not back away for a chance to become the mayor of New York City, and he is also an active member of the board of directors of The Walt Disney Company. At a recent tech conference, Dorsey talked about the future of his social network as well as about the hard challenges ahead of them.
On Wednesday, the Goldman Technology Conference in San Francisco hosted a debate between Jack Dorsey and Anthony Noto. Both of them reaffirmed Twitter as a valuable social network that feeds its 319 million active users with information in real time. This was and remains the main direction of their website. To support a well-informed online world, any time they log in, users are welcome with the best and most relevant tweets. However, the two of them confessed that there was still much to do before Twitter could attain its finished form.
Jack Dorsey reignited the Twitter support for worldwide events as well. His social network proved to be the main tool of communication that allowed the protests of the Arab Spring to tell its story for the entire world in 2011. On the other hand, their good monetization strategies are showing fewer effects. Investors in Twitter were recently concerned about their earnings. Due to the fact that Twitter gains more ad budgets than other similar platforms, they are on a tighter supervision.
The future of the company will be less about news and more about entertainment and sports. Their recent success being 5.1 million unique viewers during the Grammy’s event, they are going to focus more on video content. Since its 2013 IPO, the public company followed a path full of ups and downs. This challenging experience created rumors that the social network is up for acquisition.
Jack Dorsey is confident that Twitter is still a dominant platform in this industry. It continues to prove its value by being true to reality and reflecting the general atmosphere in the world. He received negative feedback on the fact that his attention is split between Twitter and his second company, Square, a mobile payment company. To reinstate his convictions, Dorsey bought $7 million in Twitter stock.
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