Dorsey is known to be a big fan of cryptocurrencies, especially Bitcoin, and in recent months he introduced features on Twitter that offer Bitcoin tips. In July, Dorsey had announced that he would launch a new venture that would make Bitcoin mining more accessible. Mining is a validation process for transactions on a distributed ledger, one of the basic principles of blockchain technology.Dorsey’s decision to give up the role of Twitter CEO to focus more on Square and Bitcoin mining comes close on the heels of Meta (formerly Facebook) founder and CEO Mark Zuckerberg’s decision to transform his company from social media to Metaverse – a virtual universe that combines Artificial Intelligence, Digital Avatar, Virtual Currencies, Smart Contracts, Decentralized Finance, Non-Fungible Tokens, and more.Twitter’s market cap at $37.4 billion is way behind that of Meta (formerly Facebook) the market cap of which is close to a trillion dollars ($940 billion). However, over the last decade, Twitter has emerged as the social media platform where the powerful people of the world speak their minds. Presidents, PMs, CEOs, billionaires and celebrities of the world have used the platform to air their views and opinion.Dorsey courted controversy by banning former US President Donald Trump from its platform while allowing the Taliban to continue on Twitter. Twitter India has also stepped on the toes of the BJP Government in India by contesting demands for taking down posts.As Twitter CEO, he was a quirky personality who walked five miles to his office to beat stress and remain alert on the job. He would eat only dinner and fast on the weekends. Before Dorsey co-founded Twitter in 2005, he had dabbled in modelling and fashion designing. Dorsey would also spend hours in meditation. The bearded Dorsey in his casuals hardly ever looked like the old fashion model that he was before 2005.
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