Bluesky has confirmed the departure of Jack Dorsey and announced its search for a new board member. Dorsey, the co-founder and former CEO of Twitter, created and funded Bluesky, a decentralized social media network. However, the exact reason for his departure remains undisclosed.
In a post on May 5, Bluesky acknowledged Dorsey’s departure and expressed gratitude for his assistance in initiating and securing funds for the project. The company also stated that it is actively searching for a new board member.
When questioned about Dorsey’s status on Bluesky’s board, he simply responded with a brief “no” on X, without further elaboration. Dorsey and Bluesky have not provided any additional information regarding his departure. Meanwhile, Dorsey has been promoting his open interest protocol grants on X and referring to the social network, now controlled by Elon Musk, as “freedom technology”.
According to the X account, Big Tech Alert, which monitors the social media activity of IT industry executives, Dorsey has unfollowed over 2000 people and now only follows three individuals: Edward Snowden, Stella Assange (wife of imprisoned WikiLeaks founder Julian Assange), and Musk. This suggests that Dorsey and Musk may have resolved their differences, as he still follows Musk and endorses X.
In April 2023, Dorsey criticized Musk on Bluesky, stating that the board had no right to sell to Musk due to his alleged mismanagement of X. However, the current status of their relationship is unclear.
After a delayed beta launch in March 2023, Bluesky finally opened to the public on February 7, 2024. The platform claims to have approximately 5.6 million users.
In other crypto news, there is speculation about the potential for a parabolic upside in Bitcoin if certain conditions are met. However, further details were not provided.