scorecardresearch
Wednesday, Dec 07, 2022
Premium

Bluesky funding to be reviewed if Twitter owners change: Dorsey

Twitter founder, Jack Dorsey highlights that incase the ownership of Twitter Inc. changes, the company would reassess funding for Bluesky Initiative.

Jack DorseyIf ownership changes, Bluesky Initiative funding to be reassessed by Twitter, says Jack Dorsey. (Image Source: Reuters)

Funding for the Bluesky initiative would need to be re-assessed if ownership of Twitter Inc. changed, Jack Dorsey, founder of the social-media company, said in tweet.

“Twitter doesn’t own it,” Dorsey wrote in response to a comment about Bluesky. Still, “Funding would need to be reassessed.”

Progress on Bluesky has been slow, he said. The initiative is aimed at developing a protocol to enable multiple social networks to interact.

Elon Musk earlier this week launched a $43 billion hostile takeover bid for Twitter. The company responded by adopting a so-called “poison pill” provision to help ward off the proposal.

Subscriber Only Stories
UPSC Key- December 6, 2022: Why you should read ‘Central Asia Region’ or ...Premium
What is OpenAI’s ChatGPT chatbot, why it has become a viral sensationPremium
How a private firm came to be at the centre of Bengaluru data theft casePremium
Why the G7’s oil price cap is unlikely to impact RussiaPremium

First published on: 16-04-2022 at 05:05:41 pm
Next Story

Odisha govt curtails summer vacation in schools to 10 days

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close