Best tweets from Jack Dorsey
by tweethunter
Finding the best tweets written by @jack can be a challenge. We've curated a collection of the most engaging and viral tweets about this topic to give you inspiration.
jack
@jack
is the future value of "open source" code anymore? i believe it's shifting to data, provenance, protocols, evals, and weights. in that order.
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@jack
yes we over-hired during covid because i incorrectly built 2 separate company structures (square & cash app) rather than 1, which we corrected mid 2024. but this misses all the complexity we took on through lending, banking, and BNPL. and that weβre now targeting $2M+ gross profit per person, 4x our pre-covid efficiency, which stayed flat at ~$500k from 2019 until 2024. we have and do run an efficient company... better than most.
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jack
@jack
we're making @blocks smaller today. here's my note to the company. #### today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone. first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if youβre outside the U.S. youβll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay. we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools weβre creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly. i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures. a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers. we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold. to those of you leavingβ¦iβm grateful for you, and iβm sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward. to those stayingβ¦i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow. jack
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jack
@jack
bitchat ios and android now sends all internet connections over tor. full IP address privacy for all.
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jack
@jack
coming very soon to bitchat: location chat. chat with anyone in nearby regions (block/neighborhood/city/region/country). or teleport to anywhere in the world via a geohash. it works by using geohashes to map the world into chat channels, uses a new pseudonym per geohash for privacy, and decentralized relays to propagate (via nostr). in app store review.
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jack
@jack
i now spend 2-3 hours per day reading research papers and building something with goose that i didn't think it capable of doing. i never see a line of code, and never trapped in an IDE. it works nearly every time, but does requires some nudging every now and then. incredible.
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jack
@jack
buy a bit on @CashApp, save it all on @bitkey (we're working on limits issue)
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jack
@jack
if a government could only enforce one law, what would that law be and why?
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jack
@jack
the @grok app/site and logo are the best designed iβve seen in a while
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jack
@jack
do you want to be able to choose (and/or build) the algorithm that shows your X timeline?
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jack
@jack
most people speak about 150 words per minute, and read 200 wpm. most type about 50 wpm and listen around 150 wpm. speech-to-text is the optimal interface that gets us closest to thinking velocity. yet our thinking is mostly limited and constrained by our language.
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jack
@jack
you donβt need permission to build or use open source and open protocols. you must get permission to use anything and everything else. think about it.
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jack
@jack
We reject: kings, presidents, and voting. We believe in: rough consensus and running code. βDavid Clark, 1992
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