Jack Dorsey thinks Elon Musk is not doing right by Twitter

Jack Dorsey thinks Elon Musk is not doing right by Twitter

Jack Dorsey thinks Elon Musk is not doing right by Twitter

Jack Dorsey thinks Elon Musk is not doing right by Twitter, He said the plan would begin next month, but provided no details on exact pricing or what cut Twitter would take.

Elon Musk on Saturday announced a plan for his Twitter platform to allow media publishers to charge users on a per-article basis with a single click.

“This enables users who would not sign up for a monthly subscription to pay a higher per article price for when they want to read an occasional article,” the billionaire entrepreneur said on Twitter, adding, “Should be a major win-win for both media organs & the public.”

He said the plan would begin next month, but provided no details on exact pricing or what cut Twitter would take.

The announcement came as Musk has been struggling, amid frequent controversy, to make Twitter profitable.

Media organizations have wrestled for years with how to formulate subscription plans that pay their operating costs even as readers have grown accustomed to getting news free on the internet.

The Musk plan raises questions about how he hopes to make the micro-payment approach work when others have failed.

British journalist James Ball listed several problems with micro-payment — an idea, he wrote in the Columbia Journalism Review, that has “definitely occurred to major publishers across the planet.”

Many readers will click away when encountering a paywall, he noted. And publishers “vastly” prefer to sign up full-time subscribers, which bring far more in ad revenue than the 20 cents or so from selling a single article.

Several people posting on Twitter raised other objections. The per-article approach, they said, could encourage a flourishing of “clickbait,” it might favor big publishers over small ones, and it is unclear that authors — not just newsgroups — would see any profits.

Jack Dorsey has been using Bluesky, the app he partially funded that’s built upon a federated and open social networking protocol he advocates, to do some truth-telling about Twitter, Elon Musk, and the decision to take the company private under the stewardship of the Tesla CEO.

Dorsey admits that Twitter is faring poorly under Musk – but he also blames the board for forcing the sale, and says Twitter had few options as a public company that would’ve ended well.

Washington Post writer Will Oremus then quoted that post and attempted to frame it as Dorsey avoiding blame himself, which Dorsey strongly objected to, noting that he has previously apologized for his role in Twitter’s fate plenty.

Washington Post writer Will Oremus then quoted that post and attempted to frame it as Dorsey avoiding blame himself, which Dorsey strongly objected to, noting that he has previously apologized for his role in Twitter’s fate plenty.

In addition to lamenting Twitter’s state under Musk and the circumstances that led it there, Dorsey also shared his opinion that Twitter “never would’ve survived as a public company,” suggesting that market conditions combined with the state of the company at the time meant it was destined for manipulation by activist investors and PE firms angling to take it over.

Dorsey also re-contextualized his now-infamous tweet claiming that “Elon is the singular solution I trust,” clarifying that he meant specifically for the outcome of taking Twitter private (presumably vs. other activist hedge fund investors).

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