Founder and former CEO of microblogging website, Twitter, Jack Dorsey, has launched a new social media platform, “Bluesky”.
This came barely a week that a United States business tycoon and owner of Tesla vehicles, Elon Musk, acquired the ownership of Twitter for $44 billion on April 14, 2022, and completed it on October 27, 2022.
Dorsey’s Bluesky has garnered over 30,000 users in just two days after the announcement of the new app.Report has it that Bluesky gives creators independence from platforms and developers and the freedom to design, allowing users to choose their experience as it gives users control of their algorithms.
Dorsey co-founded Twitter 17 years ago and briefly served as its CEO. He returned as CEO from 2015 to 2021 when he resigned.
Meanwhile, Bluesky has announced a number of job openings which include mobile application developer, react native expert, animation creator, and UI site manager.
Block, whose chairman and co-founder is Jack Dorsey, recorded an impairment charge of $2 million on its bitcoin investment during the third quarter.
As of Sept, 30, the fair value of Block’s bitcoin investment was $156 million based on “observable market prices,” which was $45 million greater than the carrying value of the investment after impairment charges, the company noted.Shares of Block jumped 14% in postmarket trading Thursday.
Block posted $1.57 billion in overall gross profit for the quarter, up from $1.47 billion in the second quarter. Total net revenue was $4.52 billion, up 17% year-over-year. Excluding bitcoin revenue, total net revenue was $2.75 billion, up 36% versus the prior year.
