Jack Dorsey, after regretting the sale of Twitter to Elon Musk, has stepped down from the board of Bluesky. He had financed and helped popularize this social network service a year ago.
Dorsey Uses ‘Freedom Technology’ Term for X
Dorsey is in the news for using the term “freedom technology” to describe open internet protocols in his new philanthropic donations, specifically for the platform owned by Musk and now renamed X. Dorsey also added X to this technology class by conveying that companies could also build on open protocols.
Dorsey has reduced the list of people he follows on X to just three: Musk, Edward Snowden, and Stella Assange, the wife of the imprisoned WikiLeaks publisher. This shows a significant warming of relations between Dorsey and the owner of X, following Musk’s takeover of Twitter at Bluesky a year ago and its radical transformation, which Dorsey said made “everything go wrong.”
No Longer on the Board
Bluesky was in the spotlight as a decentralized service and protocol network idealized by Jack Dorsey for Twitter. This service was launched with the aim of realizing Dorsey’s vision of an uncontrolled communication platform and opened to everyone interested in February.
In its early days, it became a major attraction for those wanting to escape the chaos on Twitter following Elon Musk’s purchase of the platform. However, since then, it has been overshadowed by the launch of Meta Platforms Inc’s Threads. When asked if he still holds a position on the Bluesky board, Dorsey simply replied, “no.”
Dorsey’s Company Makes New Bitcoin Move
The payment company led by Jack Dorsey, named Block, had launched a dollar-cost averaging (DCA) program to further expand its Bitcoin 
$76,215 (BTC) reserves. Accordingly, the company began using 10% of its monthly gross profit in April to purchase Bitcoin, and emphasized its goal to continue this step throughout the rest of 2024.
The $80 million gross profit earned by Block in the first quarter could add an additional $24 million worth of Bitcoin to the company’s balance sheet through this program. This move aims to strengthen the company’s Bitcoin reserves and solidify its presence in the cryptocurrency market.
