Twitter executives Jack Dorsey and Evan Williams are switching places.
According to a post on the microblogging service's official blog, co-founder Williams will resume the helm of CEO from Dorsey, who will take over Williams' position as chairman of the board.
'We're entering a new phase now and there are new kinds of challenges ahead. Healthy companies acknowledge the need for change even during the best of times,' Williams wrote in the blog post. 'As Twitter grows both internally and externally, we took a good look at our path forward and saw the need for a focused approach from a single leader.'
Translation: It's time to get real.
Twitter is growing fast, and closed a $15 million funding round in May. It weathered an engineering shake-up this spring and has managed to largely overcome its well-publicized server problems. Plus, Twitter has become a staple in tracking political zeitgeist--cable network Current TV displayed real-time 'tweets' onscreen during the presidential debates.
But Twitter still remains Silicon Valley's poster child for hyped companies without revenue models. With the financial crisis continuing to unfold daily, that simply isn't acceptable.
We've heard whispers about Twitter's ideas for making money: that the company has thought about offering premium accounts for businesses that want to use it as a marketing tool, for example, or that its acquisition of search tool Summize may start to play into an advertising model.
But all this is tentative; the fact of the matter is, in this kind of economic climate, Twitter needs to shape up. Whether this was the result of investor pressure or a voluntary decision by Dorsey and Williams still isn't certain. At least on a superficial level, this makes sense. Williams was a more prominent 'face' for the company anyway, whereas Dorsey tended to stay behind the scenes.
Spider-Man: Far From Home a perfect Endgame epilogue: Swing back into the MCU with Tom Holland's Peter Parker in this joyous globetrotting adventure.
New Stranger Things clothing lets you wear Demogorgons.: The Netflix hit inspires an H&M collection from another dimension -- the 1980s.
Dorsey in November 2014 | |
Born | November 19, 1976 (age 42)[1] St. Louis, Missouri, U.S. |
---|---|
Residence | San Francisco, California, U.S. |
Alma mater | University of Missouri–Rolla (transferred out) New York University (dropped out) |
Occupation | |
Known for | Co-founding Twitter & Square, Inc. |
Salary | Square, Inc. $2.75 (2017) Twitter $0 (2017)[2] |
Net worth | US$4.7 billion (June 2019)[3] |
Title | CEO of Twitter and Square, Inc. |
Board member of |
|
Jack Patrick Dorsey[6] (born November 19, 1976) is an American computer programmer and Internet entrepreneur who is co-founder and CEO of Twitter, and founder and CEO of Square, a mobile payments company.[7][8]
- 2Career
Early life[edit]
Dorsey was born and raised in St. Louis, Missouri,[9][10] the son of Tim and Marcia (née Smith) Dorsey.[11][12][13] He is of English, Irish and Italian descent.[14] His father worked for a company that developed mass spectrometers and his mother was a homemaker.[15] He was raised Catholic, and his uncle is a Catholic priest in Cincinnati.[16] He attended the Catholic Bishop DuBourg High School.
In his younger days, Dorsey worked occasionally as a fashion model.[17][18][19][20][21] By age fourteen, Dorsey had become interested in dispatch routing. Some of the open-source software he created in the area of dispatch logistics is still used by taxicab companies.[11] Dorsey attended the University of Missouri–Rolla for two-plus years (1995–97)[16] before transferring to New York University, but he dropped out in 1999,[22] one semester short of graduating.[16] He first came up with the idea that he developed as Twitter while studying at NYU.[16][23]
While working on dispatching as a programmer, Dorsey moved to California.[24][25] In 2000, Dorsey started his company in Oakland to dispatch couriers, taxis, and emergency services from the Web.[26] His other projects and ideas at this time included networks of medical devices and a 'frictionless service market'.[26] In July 2000, building on dispatching[11] and inspired in part by LiveJournal and by AOL Instant Messenger, he had the idea for a Web-based realtime status/short message communication service.[26]
When he first saw implementations of instant messaging, Dorsey wondered whether the software's user status output could be shared easily among friends.[11] He approached Odeo, which at the time happened to be interested in text messaging.[11] Dorsey and Biz Stone decided that SMS text suited the status-message idea, and built a prototype of Twitter in about two weeks.[11] The idea attracted many users at Odeo and investment from Evan Williams,[11] who had left Google after selling Pyra Labs and Blogger.
Career[edit]
Twitter[edit]
Dorsey in 2008
Williams, Stone and Noah Glass co-founded Obvious Corporation, which then spun off Twitter, Inc., with Dorsey as the Chief Executive Officer (CEO).[11][27] As CEO, Dorsey saw the startup through two rounds of funding by venture capitalists.[28] He reportedly lost his position for leaving work early to enjoy other pursuits, such as yoga and fashion design.[29]
As the service began to grow in popularity, Dorsey chose the improvement of uptime as top priority,[30] even over creating revenue – which, as of 2008, Twitter was not designed to earn.[31] Dorsey described the commercial use of Twitter and its API as two things that could lead to paid features.[31] He says his three guiding principles, which he says the company shares, are simplicity, constraint and craftsmanship.[31]
On October 16, 2008,[32] Williams took over as CEO, while Dorsey became chairman of the board.[33][34] On March 28, 2011, Dorsey returned to Twitter as Executive Chairman after Dick Costolo replaced Williams as CEO.[35] On June 10, 2015, Costolo announced that he was resigning as CEO of Twitter, effective July 1, 2015. Dorsey would assume the post of Interim CEO upon Costolo's departure.[36] He was named permanent CEO of Twitter on October 5, 2015.[37] On the day after the controversy about Twitter's new algorithms for tweets, Dorsey said it was only a hoax.[38]
Dorsey and President Barack Obama at Twitter Town Hall in July 2011
In May 2016, Dorsey announced that Twitter would not count photos and links in the 140-character limit to free up more space for text. This was an attempt to entice new users, since the number of tweets per day had dropped to about 300 million in January 2016 from about 500 million in September 2013 and its peak of 661 million in August 2014.[39]
On November 22, 2016, Dorsey was briefly suspended from his own Twitter account with 3.9 million followers. After restoring the account, Dorsey tweeted that the suspension was due to an 'internal mistake'.[40]
In February 2017, Dorsey and Executive Chairman Omid Kordestani matched a $530,000 donation to the American Civil Liberties Union (ACLU) raised by Twitter staffers. Their match brought the total donation to $1.59 million.[41]
In March 2018, Dorsey announced that an improved version of the verification system is coming to Twitter. The purpose of redesigning verification is to let people verify more facts about themselves, emphasizing proof of identity.[42] The overhaul was not in place before the U.S midterm election of 2018 to help in verifying the identities of the candidates.[43]
In September 2018, Dorsey testified before the Senate Intelligence Committee alongside FacebookCOOSheryl Sandberg about meddling in the 2016 presidential election. Following this testimony, Twitter shares fell 6%.[44]
On March 5, 2019, Dorsey was one of three guests on episode #1258 of The Joe Rogan Experience, alongside Vijaya Gadde and journalist Tim Pool, to discuss Twitter's censorship of controversial conservatives and social critics of transgenderism, and how Twitter attempts to balance free speech with safety concerns.[45]
President Donald Trump with Dorsey in the Oval Office of the White House on April 23, 2019
In April 2019, Dorsey met privately with U.S. President Donald Trump at the White House and discussed Trump's concerns that Twitter had limited or removed some of his Twitter followers, and those of fellow conservatives, without clear reasons. After the meeting, Dorsey tweeted that their discussion included making Twitter 'healthier and more civil'.[46] A week earlier, Dorsey took part in a TED talk about the social media platform's spread of abuse and misinformation, which has brought him criticism.[47]
Square, Inc.[edit]
Dorsey, along with co-founder Jim McKelvey, developed a small business platform to accept debit and credit card payments on a mobile device called Square, released in May 2010. The small, square-shaped device attaches to iPhone, iPad, iPod Touch, or Android devices via the headphone jack, and as a mini card reader, allows a person to swipe their card, choose an amount to transfer to the recipient and then sign their name for confirmation. Square is also a system for sending paperless receipts via text message or email, and is available as a free app for iOS and Android OS.[48][49] The company grew from 10 employees in December 2009[50] to over 100 by June 2011. Square's office is on Market Street in San Francisco.[51] In September 2012, Business Insider magazine valued Square Inc. at US$3.2 billion.[52] Dorsey is CEO of Square, Inc.[53] On October 14, 2015, Square filed for an IPO to be listed on the New York Stock Exchange.[54] As of that date, Dorsey owned 24.4% of the company.[55]
Other projects[edit]
In 2013, talking to CNN, Dorsey expressed admiration for Michael Bloomberg and his reinvention through design and simple interfaces of what it means to be mayor.[56] Dorsey thinks becoming mayor of New York City is an aspiration that would raise the bar for him.[56] He served as a judge for New York City Mayor Michael Bloomberg's NYC BigApps competition in 2011.[57] Dorsey is an on-record donor to Democratic Party candidates.[58]
Dorsey was announced as a new member of the board of directors of The Walt Disney Company on December 24, 2013.[59] In January 2018, it was reported that Dorsey would not seek reelection at Disney's March annual meeting, due to increased difficulty with conflicts of interest.[60]
Dorsey is a board member of the Berggruen Institute's Governance Center.[61]
Former Twitter CEO Dick Costolo described Dorsey as a calm, thoughtful leader. Charles Whitehead, a business law professor at Cornell Law School who lectures on the dual CEO, said 'Half of Jack Dorsey is worth 100% of anyone else. He appeals to investors, whom he attracts, and employees, whom he retains.'[62]
Personal life[edit]
In 2012, Dorsey moved to the Sea Cliff neighborhood of San Francisco with sweeping views of the Golden Gate, Marin Headlands and Pacific Ocean.[63] He walks five miles to work each morning and calls it a 'very clearing time'.[64] He is a fan of Kendrick Lamar's music[62] and of French radio station FIP.[65] In late 2017, Dorsey completed ten days of meditation known as Vipassanā taught by followers of S. N. Goenka.[66] In November 2018, Dorsey went on a birthday trip to Myanmar, where social media may have helped fuel a genocide of Muslims.[67] Dorsey said he was 'aware of the human rights atrocities' in Myanmar.[68]
Awards and recognition[edit]
Biz Stone and Dorsey accepting a Crunchie award for best mobile startup
- In 2008, he was named to the MIT Technology ReviewTR35 as one of the top 35 innovators in the world under the age of 35.[69]
- In 2012, The Wall Street Journal gave him the 'Innovator of the Year Award' for technology.[70][71]
- At the 5th Annual Crunchies Awards in 2012, hosted by TechCrunch, Dorsey was named Founder of the Year.[72]
- In 2013, he was considered by Forbes the world's most eligible bachelor.[73]
- Dorsey was ranked by Fox Business as the #4 Worst CEO of 2016, citing stagnant growth, falling stock prices, and his part-time commitment to Twitter.[74]
- In 2017, 24/7 Wall Street listed Dorsey among the 2017 Worst CEOs in America.[75][76]
- In 2018, Dorsey was rated 404th on CEOWORLD magazine's 'Best CEOs In The World' list.[77][citation needed]
References[edit]
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- ^Spangler, Todd (April 11, 2018). 'Twitter CEO Jack Dorsey Declines Compensation in 2017 for Third Straight Year'. Variety. Retrieved August 18, 2018.
- ^'Jack Dorsey'. Forbes.
- ^'Board of directors – About'. Twitter. Retrieved January 31, 2017.
- ^'About Square'. Square. Retrieved January 31, 2017.
- ^Dorsey, Marcia [@marciadorsey] (November 19, 2013). 'This date/day is one of the BEST days of my LIFE! I am SO BLESSED..?Happy Birthday Jack Patrick Dorsey, (aka) @jack!' (Tweet) – via Twitter.
- ^Strange, Adario (April 20, 2007). 'Flickr Document Reveals Origin Of Twitter'. Wired News. CondéNet. Retrieved November 5, 2008.
- ^'Twitter names Jack Dorsey as CEO'. CNN Money. October 5, 2015. Retrieved October 5, 2015.
- ^Profile Twitter founders: Jack Dorsey, Biz Stone and Evan Williams. Telegraph. Retrieved on January 14, 2014.
- ^Taste of St. Louis first major event to use Square : Business. Stltoday.com (September 29, 2010). Retrieved on January 14, 2014.
- ^ abcdefghGlaser, Mark (May 17, 2007). 'Twitter Founders Thrive on Micro-Blogging Constraints'. MediaShift. Retrieved November 5, 2008.
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- ^The Virginian-Pilot Archives. Nl.newsbank.com (November 26, 2009). Retrieved on January 14, 2014.
- ^Jack Dorsey Believes That Eating Purple Food Makes You Healthier. Vanity Fair (March 21, 2012). Retrieved on January 14, 2014.
- ^Robehmed, Natalie (September 30, 2014). 'The youngest billionaires on the Forbes 400: 11 under 40'. Yahoo! Finance. Retrieved October 1, 2014.
- ^ abcdBarker, Tim (November 15, 2009). 'Native son sets St. Louis atwitter'. St. Louis Post-Dispatch. Retrieved January 17, 2018.
- ^Dorsey, Jack [@jack] (September 3, 2013). 'Me in my (very) short-lived days as a vintage clothing model: flic.kr/p/hG5x5' (Tweet) – via Twitter.
- ^Dorsey, Jack [@jack] (May 15, 2015). '@ScottLucas86 @LizFiandaca @jeremys did it include my modeling days? m.flickr.com/#/photos/jackd…' (Tweet) – via Twitter.
- ^Dorsey, Jack (July 13, 2006). 'I read Gray's Anatomy'. Flickr.
- ^Dorsey, Jack (July 13, 2006). 'Noele took pictures of me'. Flickr.
- ^Dorsey, Jack (July 13, 2006). 'Who needs a nosering?'. Flickr.
- ^Rampton, John (September 22, 2016). '12 of the most successful entrepreneurs who dropped out of college'. Mashable. Retrieved January 16, 2018.
- ^Bussgang, Jeffrey (April 27, 2010). 'When Jack Dorsey Met Fred Wilson, And Other Twitter Tales (Book Excerpt)'. TechCrunch. Retrieved September 23, 2018.
Jack .. moved to New York, transferred to NYU, and started writing dispatch software .. 'They're all reporting constantly where they are and what work they're doing .. I thought that abstraction was so cool that I wanted that same thing for my friends.'
- ^BusinessWeek (March 26, 2007). 'Tech's Next Gen: The Best and Brightest'. BusinessWeek. The McGraw-Hill Companies. Retrieved November 5, 2008.
- ^Dorsey, Jack (April 8, 2009). 'To be clear: I didn't attend Cornell (and didn't invent Twitter there)'. Twitter. Retrieved April 13, 2009.
- ^ abcDorsey, Jack (March 24, 2006). 'twttr sketch'. Flickr. Yahoo!. Retrieved November 7, 2008.
- ^Hoge, Patrick (December 23, 2011). 'Executive of the Year: Jack Dorsey'. San Francisco Business Times. Retrieved April 30, 2017.
- ^Miller, Claire Cain (October 16, 2008). 'Twitter Sidelines One Founder and Promotes Another'. The New York Times. The New York Times Company. Retrieved November 5, 2008.
- ^'The Approval Matrix'. Entertainment. New York magazine. October 21, 2013. Retrieved April 30, 2017.
- ^Wagner, Mitch (June 24, 2008). 'Twitter CEO Jack Dorsey: Improved Uptime Is Top Priority'. InformationWeek. United Business ..Media. Retrieved November 5, 2008.
- ^ abcWagner, Mitch (June 24, 2008). 'Twitter CEO Jack Dorsey Talks About Its Business Model'. InformationWeek. United Business Media. Retrieved November 5, 2008.
- ^Miller, Claire Cain (October 20, 2008). 'Popularity or Income? Two Sites Fight It Out'. The New York Times. The New York Times Company. Retrieved November 5, 2008.
- ^McCarthy, Caroline (October 16, 2008). 'Twitter CEO Jack Dorsey steps down'. CNET News. CBS Interactive. Retrieved November 5, 2008.
- ^'Jack Dorsey Tells David Kirkpatrick How It Felt to Be Ousted from Twitter and Discusses His Big New Idea: Square'. Vanity Fair. March 3, 2011. Retrieved April 30, 2017.
- ^'Jack Dorsey Officially Returns to Twitter'. Mashable. March 28, 2011. Retrieved April 30, 2017.
- ^Primack, Dan (June 11, 2015). 'Twitter CEO Dick Costolo is Out, Jack Dorsey Back In'. Retrieved April 30, 2017.
- ^Koh, Yoree (October 5, 2015). 'Twitter Names Jack Dorsey CEO'. The Wall Street Journal. ISSN0099-9660. Retrieved October 5, 2015.
- ^'Jack on Twitter'. Twitter. Retrieved February 7, 2016.
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- ^Seetherman, Deepa (November 22, 2016). 'Twitter CEO Jack Dorsey's Account Briefly Suspended'. Wall Street Journal. Retrieved November 23, 2016.
- ^Russell, Jon (February 1, 2017). 'Twitter staff donate $1.59M to the ACLU to fight Trump on immigration'. TechCrunch. Retrieved April 11, 2017.
- ^Barron, Laignee (March 9, 2018). 'Twitter Wants to Open Verification to All Users'. Fortune. Retrieved March 9, 2018.
- ^Guynn, Jessica (March 8, 2018). 'Jack Dorsey pledges Twitter will improve blue check mark verification system'. USA Today. Retrieved March 9, 2018.
- ^Lucas, Amelia (September 5, 2018). 'Twitter shares fall 6% as CEO Jack Dorsey testifies before Senate'. CNBC. Retrieved September 6, 2018.
- ^'Joe Rogan Experience #1258 - Jack Dorsey, Vijaya Gadde & Tim Pool'. YouTube. March 5, 2019. Retrieved March 6, 2019.
- ^Romm, Tony (April 23, 2019). 'Trump met with Twitter CEO Jack Dorsey – and complained about his follower count'. The Washington Post. Retrieved April 27, 2019.
- ^Bendix, Aria (April 17, 2019). 'Jack Dorsey says Twitter makes it 'super easy' to harass and abuse others, and addressing the problem is his biggest worry'. BBusiness Insider. Retrieved April 27, 2019.
- ^'Square'. Square. Retrieved October 7, 2014.
- ^Hempel, Jessi (June 2, 2011). 'Jack Dorsey: The man with two brains'. Fortune. Retrieved March 12, 2018.
- ^Pollock, Jennifer (June 30, 2011). 'CH+D Office Space: Square in San Francisco's Chronicle Building'. California Home + Design. Retrieved September 19, 2011.
- ^'Square opens new headquarters in San Francisco, announces plans for expanded offices in New York and Kitchener-Waterloo' (Press release). Square, Inc. October 7, 2013. Archived from the original on April 13, 2014. Retrieved March 29, 2014.
- ^Shontell, Alyssa (October 3, 2012). 'THE DIGITAL 100: The World's Most Valuable Private Tech Companies'. Business Insider. Retrieved October 4, 2012.
- ^Strugatz, Rachel (January 16, 2014). 'Jack Dorsey Looks to Simplify Commerce With Square'. WWD. Retrieved January 16, 2014.
- ^Soper, Alex Barinka alexbarinka Spencer. 'Square Files for IPO as CEO Dorsey Juggles Twitter Revamp'. Bloomberg.com. Retrieved October 16, 2015.
- ^Rao, Leena (October 14, 2015). 'Who owns what at Square'. Fortune. Retrieved November 25, 2017.
- ^ abTapper, Jake; Pham, Sherisse (March 21, 2013). 'Jack Dorsey on his desire to be mayor of New York City, Steve Jobs, and being a bachelor'. CNN. Turner Broadcasting. Retrieved March 25, 2013.
- ^'MAYOR BLOOMBERG ANNOUNCES WINNERS OF NYC BIGAPPS 2.0 COMPETITION'. NYC.gov. March 31, 2011. Retrieved June 5, 2013.
- ^'Donor Lookup: Jack Dorsey'. OpenSecrets.org. The Center for Responsive Politics. Retrieved December 3, 2016.
- ^Anthony Ha (December 24, 2013). 'Jack Dorsey Joins Disney's Board Of Directors'. TechCrunch. AOL Inc. Retrieved December 25, 2013.
- ^Palmeri, Christopher (January 12, 2018). 'Sheryl Sandberg, Jack Dorsey to Leave Disney's Board'. Bloomberg. Retrieved January 13, 2018.
- ^Ward, Vicky (May 11, 2016). 'Why Nicolas Berggruen is Creating an Institute for Geniuses'. Town & Country. Retrieved April 17, 2017.
Another wing of the Berggruen Institute has technologists like Elon Musk and Twitter co-founder Jack Dorsey, as well as former treasury secretary Larry Summers
- ^ abSwartz, Jon (August 10, 2018). 'Jack Dorsey is a Double-Duty CEO for Twitter and Square. Here's How He Revived Them Both'. Barron's. Retrieved August 15, 2018.
- ^Thomas, Owen (June 18, 2012). 'We Hear Twitter Cofounder Jack Dorsey Now Lives In A $10 Million House'. Business Insider. Retrieved August 15, 2018.
- ^'Jack Dorsey walks 5 miles to work every day—and he says it's the best investment he can make'. CNBC. July 11, 2018. Retrieved August 14, 2018.
- ^Belsoeur, Camille (September 17, 2017). 'Oui, FIP est bien la meilleure radio au monde'. Slate.fr (in French). Retrieved October 9, 2017.
- ^Robinson, Melia (January 3, 2018). 'Twitter CEO Jack Dorsey tried the meditation craze that requires no sex, drugs, or talking for 10 days'. Business Insider. Retrieved December 27, 2018.
- ^'Twitter CEO Jack Dorsey criticised for 'tone deaf' Myanmar tweets'. BBC News. December 9, 2018.
- ^'Twitter's Jack Dorsey answers critics of Myanmar meditation retreat'. BBC News. December 12, 2018.
- ^'TR35 Young Innovator'. Technology Review. Massachusetts Institute of Technology. 2008. Retrieved November 5, 2008.
- ^'Innovator of the Year Awards'. WSJ. Magazine. Dow Jones. 2012. Archived from the original on January 23, 2013. Retrieved March 18, 2013.
- ^'Columbia to host Square and Twitter Founder Jack Dorsey on September 16'. Columbia College. Retrieved January 16, 2018.
- ^TV, TechCrunch. 'Founder of the Year: Jack Dorsey (Square, Twitter)'. TechCrunch. Retrieved January 16, 2018.
- ^Durgy, Edwin (March 6, 2013). 'The World's 12 Most Eligible Billionaire Bachelors'. Forbes. Retrieved April 13, 2018.
- ^Tobak, Steve (December 21, 2016). 'The Worst CEOs of 2016'. Fox Business. Retrieved January 16, 2018.
- ^'20 Worst CEOs in America 2017'. 247wallst.com. Retrieved January 16, 2018.
- ^Mirabella, Lorraine. 'Under Armour founder Kevin Plank lands on a 'Worst CEOs' list'. baltimoresun.com. Retrieved January 16, 2018.
- ^Papadopoulos, Anna (October 12, 2018). 'Best CEOs In The World 2018'. CEOWORLD magazine. Retrieved November 16, 2008.
Further reading[edit]
- Max, D. T. (October 21, 2013). 'Two-hit wonder'. Profiles. The New Yorker. 89 (33): 48–59.
External links[edit]
Wikimedia Commons has media related to Jack Dorsey. |
- Jack Dorsey Corporate Bio at the Wayback Machine (archived June 18, 2017)
- Jack on Twitter
Business positions | ||
---|---|---|
Preceded by Company founded | Twitter CEO 2006–2008 | Succeeded by Evan Williams |
Preceded by Dick Costolo | Twitter CEO 2015–present | Succeeded by incumbent |
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Jack_Dorsey&oldid=903094950'
The following script is from 'The Innovator' which aired on March 17, 2013, and was rebroadcast on Sept. 1, 2013. Lara Logan is the correspondent. Tom Anderson, producer.
Jack Dorsey is one of the biggest and most ambitious innovators of our time. His name doesn't resonate like Jobs or Bezos or Zuckerberg, but his innovations do. And his low profile may have a lot to do with his personality.
Dorsey describes himself as extraordinarily reserved and shy, which is ironic considering he's the man who created Twitter and changed the way people communicate around the world.
Then he created a company called Square, which is helping to transform the way we pay for things.
When we first told you about Jack Dorsey last spring, Square was a start-up. Now it's an international company, but Jack Dorsey already had his eye on the next job he wants -- mayor of New York City -- an unlikely role for a man who calls himself a loner and spends a lot of time dreaming and thinking.
If you’re installing a fifa games in your window 7 laptop and it cannot be install then a messages will appear it can just be install in a 64 bit platform its means your window 7 is running a 32 bit platform the only way to install the games in your laptop is to format and install a 64 bit platform.
Lara Logan: Forbes Magazine said you're more of a nerd than Steve Jobs.
Jack Dorsey: Which I found insulting. I'm more of a nerd than Steve Jobs. I think the reference was because I was a programmer. So if that is the nerdy way, then guilty. I'm a nerd.
Many believe Jack Dorsey is the intellectual successor to Jobs. He created the code for Twitter, with messages that -- unlike e-mails - can be read by anyone in the world.
Lara Logan: Twitter is so instant. It's that moment.
Jack Dorsey: Yeah, it's so instant. And now I get to see the entire world and how they're thinking and how they're feeling and what they're doing and what they care about and where they're going.
When he created Twitter seven years ago, Jack Dorsey had no idea how big it would become - that 200 million people would be sending more than a billion tweets every three days. That young revolutionaries would use it to help communicate the strategies that fueled the Arab Spring. That it would force a congressman to resign. Twitter has become a marketing tool for Hollywood and big business. We use it at 60 Minutes. The president tweets. Benedict XVI tweeted his final message as pope.
Lara Logan: What are you most proud of with Twitter?
Jack Dorsey: I'm most proud of how quickly people came to it and used it in a million different ways. They're all over the world. And Twitter enables them to take a $5 cell phone and, wherever they are, communicate with the world for free.
Jack Dorsey Net Worth
It was a revolutionary new way for people to connect --- something Dorsey admits he's not very good at in person.
Lara Logan: What do you think your weaknesses are?
Jack Dorsey: I do have a tendency to really think about things by myself and decide things.
Lara Logan: Over-think things.
Jre Jack Dorsey After Shower
Jack Dorsey: Come out with a decision. I think I can be-- I can be silent at some times which unsettles people a bit, because they don't know what I'm thinking. The biggest thing I've learned is that I need to communicate more. I need to be more vocal.
Not communicating well created problems for him at Twitter. And Jack Dorsey, like Steve Jobs, was forced out of running the company he helped found.
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Jre Jack Dorsey After Show 2017
Twitter CEO Jack Dorsey appears to have mixed feelings about Donald Trump's prolific use of the social network.
It's 'complicated,' said Dorsey, giving a carefully-worded responses when asked Tuesday about the president-elect's tweets at Recode's Code Commerce conference in San Francisco.
'I feel very proud of the role of the service and what it stands for,' Dorsey continued. 'Especially as it's had such a spotlight on it through (Trump's) usage and the election, but the elections have always been big on Twitter.'
Trump, who has estimated having roughly 30 million followers on social media, including nearly 17 million on Twitter, has praised social media for effectively combatting traditional media outlets. Social media analysis groups have said Trump routinely generated more comments than his opponents during the grueling election.
Trump's regular, and sometimes controversial, use of Twitter left many people scratching their heads, including Dorsey.
'The complicated part..is just what does this mean to have a direct line to how he's thinking in real-time and to see that,' Dorsey said Tuesday. 'I'm not sure.'
He also admitted that he's fascinated -- like most of us -- by Trump's mastery of tweets.
'Having the president-elect on our service, using it as a direct line of communication, allows everyone to see what's on his mind in the moment,' Dorsey said. 'I think that's interesting. I think it's fascinating.'
Dorsey said Twitter plays a big part in distributing news and opinions and has a responsibility 'to make sure that people are seeing what they need to see.' He seemed unclear how Trump's continued use of Twitter might affect social media in the future.
'We're definitely entering a new world where everything is on the surface and we can all see it in real time and we can all have conversations about it,' he said. 'Where does that go, I'm not really sure? But it's definitely been fascinating to learn from.'
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