Tag Archives: Jack Dorsey

What’s the name, what’s the game?

I saw the news a few days ago, and for the most it does not matter to me, but there is an awful lot of hypocrisy going around and the media is (as I personally see it) as tainted as anything else. The stage is set to Elon Musk, or better stated is set against Elon Musk. Why? Don’t really know the man, but he seems the modern day Midas. Whatever he touches turns to gold. He made an upheaval in the battery market, the mobile market, the energy market. The man is (allegedly) an inventor like me, or he can see proper innovation just like Steve Jobs. How is this a bad thing? Consider the news that he was getting involved in social media. Why not? I do not know if it is a bad idea. But he has the dough to become part of it. Yet the Sydney Morning Herald gives us ‘Elon Musk launches $58 billion hostile takeover of Twitter’ (at https://www.smh.com.au/business/companies/elon-musk-launches-hostile-takeover-of-twitter-20220414-p5admv.html) as such lets take a look at what constitutes a hostile takeover? The definition gives us “A hostile takeover occurs when an acquiring company attempts to take over a target company against the wishes of the target company’s management. An acquiring company can achieve a hostile takeover by going directly to the target company’s shareholders or fighting to replace its management” is this true? CBS gives us ‘Elon Musk offers to buy Twitter for $43 billion’, so who is giving us the truth and who is giving a stakeholder a blow job? You think this is rude? You ain’t seen nothing yet. We can argue until the sun goes down, but the setting of finance is clear. If a company is worth it, or could become worth it, you buy it. This has been the case in many occasions. Yet no one is saying that about Microsoft and Blizzard. There we get ‘Activision Blizzard/Microsoft Deal Discouraged by Letter Penned by SOC Investment Group’, how quaint.

So it was today when I saw (at https://www.reuters.com/technology/twitter-adopts-poison-pill-fight-musk-2022-04-15/) ‘Twitter adopts ‘poison pill’ as challenger to Musk emerges’, it is the Guardian version where we see “The method, known as a “poison pill” in the finance world, suggests Twitter will fight Musk to prevent a hostile takeover. It would go into effect if a shareholder were to acquire more than 15% of the company in a deal not approved by the board and expires 14 April 2023.”You see my issue is with the ‘hostile takeover’ part. The guardian gives us those goods with “Jack Dorsey, Twitter founder and former CEO, noted in a tweet on Friday that such surprise purchases are always a risk for the company. “As a public company, Twitter has always been ‘for sale’,” he said. “That’s the real issue.” Musk is already facing legal action for his Twitter purchases, with one investor suing the Tesla executive in a potential class action lawsuit for failing to disclose his buy-up of shares before the required deadline to do so. The lawsuit comes as Musk faces a number of investigations by the Securities and Exchange Commission for his investment activities, including insider trading allegations related to his own tweets.” So we see ‘insider trading’, we see ‘hostile takeover’ but we are given no real evidence of either. Merely the word ‘allegations’ that everyone is overlooking. 

The stage becomes even weirder as we consider the actions that Microsoft unleashed on the gaming industry and it is casually trivialised by too many media outlets. 

In all this the statement “he wanted to release its “extraordinary potential” to support free speech and democracy across the world.” Is trivialised by “Twitter’s board on Friday unanimously approved a plan that would allow existing shareholders to buy stocks at a substantial discount in order to dilute the holdings of new investors”, there is no real setting of who these board members are, the media seemingly forgot about that part. These members that include Bret Taylor (SalesForce), Parag Agrawal (CEO Twitter), Mimi Alemayehou (Mastercard), Egon Durban (Silver Lake), Martha Lane Fox (House of Lords), Dr. Fei-Fei Li (Stanford), Patrick Pichette (Google), David Rosenblatt and Robert Zoellick (AllianceBernstein Holding L.P.) there was a unanimous objection to the purchase by Elon Musk and no media outlet had anything from these members with the simple question ‘Why oppose?’. There might be a very valid reason, but I and all others were not informed, so what gives?

We can speculate on why it was done. Elon Musk sees that the US is going after the billionaires. As such he might be buying anything he can to drop the tax rift, and lets face it, he has been turning things to gold and Twitter is a golden idea. So whilst we see all kinds of objections on how analysts see (and say) things like “KeyBanc Capital analyst Justin Patterson downgraded the social media company in the wake of Elon Musk’s buyout proposal. Patterson cut his rating to sector weight, after being at overweight since January 2021, saying that the potential for the Musk bid to “go up in smoke” will turn investor focus on a more challenging macro environment that elevates downside risk to financial estimates.” I personally honestly do not know what will happen, but when a person buys a company, a person that has transformed several companies into powerhouses, I wonder what really is going on. It could be simple, it could be complex, yet the larger station is that people laughed at Tesla and now we see “As of April 2022 Tesla has a market cap of $1.018 Trillion. This makes Tesla the world’s 6th most valuable company by market cap according to our data.” So as I see it, the joke is on them. What was an idea is now 6th on the most valuable companies on the market and that is behind Apple, Microsoft, Aramco, Alphabet, and Amazon and as I gave voice to Microsoft, there is every chance that it will head of Microsoft in the next 3 years. And that is whilst no one has a clue where Meta will end, because they will become part of the top 7 soon enough (2024), and that too is out into the market. So I have questions and the media is not asking the board members of Twitter, or Elon Musk a clear set of questions. And all that before someone decides to ask KeyBanc Capital a few uncomfortable questions. So what is in the name Twitter, what is in the name Elon Musk and what is in the shares game being played now. No matter what is happening, I feel certain that the media will not properly inform us, that mush seems a personal given. Yet in all this we see the approximation of “to support free speech and democracy across the world”, it seems to me that Elon Musk is giving us options, options in mobile technology and energy technology. Who else has been giving us that? I see questions and no one asking them, it is weird, is it not?

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Is it me? Perhaps it is!

Yup, we need to look into matters and I am willing to concede that I am the stupid one, yet the BBC is setting a stage that is not set to the proper players and it shows (well, to me it does), so as I look at ‘Facebook, Twitter and Google face questions from US senators’ (at https://www.bbc.com/news/technology-54721023), we see ““[It] allows digital businesses to let users post things but then not be responsible for the consequences, even when they’re amplifying or dampening that speech,” Prof Fiona Scott Morton, of Yale University, told the BBC’s Tech Tent podcast. “That’s very much a publishing kind of function – and newspapers have very different responsibilities. “So we have a bit of a loophole that I think is not working well for our society.”” You see, the stage is larger, even as we see a reference towards section 230 with the added quote “some industry watchers agree the legislation needs to be revisited”, so can we have these names? 

Section 230
Section 230 generally provides immunity for website publishers from third-party content.
Section 230(c)(1) provides immunity from liability for providers and users of an “interactive computer service” who publish information provided by third-party users: No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider.
The statute in Section 230(c)(2) further provides “Good Samaritan” protection from civil liability for operators of interactive computer services in the removal or moderation of third-party material they deem obscene or offensive, even of constitutionally protected speech, as long as it is done in good faith.

Yet the stage is a lot larger, most common law nations (civil law nations too) have similar protections in place, and ever as we see the repose by Professor Fiona Scott Morton giving us “we have a bit of a loophole that I think is not working well for our society”, most parties refuse to hold the posters of the online information accountable. It is too hard, there are too many issues, but in the end, I call it a load of bollocks, the avoidance of accountability has been on my mind for close to a decade, the lawmakers have done nothing (or close to it). These lawmakers do not comprehend, the politicians are mostly clueless and the technologists cannot abide to the lack of insight that the other two are showing they lack.

So as we see “both sides agree they want to see the social networks held accountable”, yet neither is willing to hold the poster of the transgressor accountable and that is the larger issue. So even as we see the so called political ploys and no matter what the reason is, when we see “Both President Trump and his election rival Joe Biden have called for the removal of Section 230, though for different reasons”, yet both ignore the obvious, the posters want a medium and outside of the US they have all the options to continue. Basically the only thing that the US will accomplish is isolation, all whilst the dreaded posts from those who seek to harm society will never be stopped, they merely change location, and now that the US is ranking 8th on the 5G speed lit at a mere 13.29% of the speed of number one, things will go from bad to worse, limiting big tech is the larger error in their thinking pattern. 

Any form of censorship strangles freedom of expression and freedom of speech. Holding the speakers accountable is not censorship, it merely sets the frame that these social media speakers will be held to account, optional in a court for WHAT they say. It was never that complex, so why push the side that resolves nothing? So whilst we see all these media articles on AI and how AI is NOW the solution that one can purchase, the factual reality is “experts have predicted the development of artificial intelligence to be achieved as early as by 2030. A survey of AI experts recently predicted the expected emergence of AGI or the singularity by the year 2060”, a stage we seemingly forget whenever some short sighted politician makes a twist towards AI and the solution in social media, the reality is that there is no AI, not yet. Forbes (at https://www.forbes.com/sites/cognitiveworld/2019/06/10/how-far-are-we-from-achieving-artificial-general-intelligence/#389ade286dc4) introduces us to “Artificial General Intelligence (AGI) can be defined as the ability of a machine to perform any task that a human can”, you see, commerce couldn’t wait for AI to come, so they pushed it into AGI, and the AI they all advertise is merely a sprinkle of AI, scripted solutions to singular tasks and even that part is debatable, because the application of AI needs more, I wrote bout it almost two months ago. I wrote “until true AI and true Quantum computing are a fact, the shallow circuits cannot cut through the mess”, I did this in ‘About lights and tunnels’ (at https://lawlordtobe.com/2020/09/08/about-lights-and-tunnels/), you see, IBM IS THE ONLY PLAYER that is close to getting the true Quantum computing up and running, Shallow circuits are still evolving and that matters, because they only launched their first quantum computing solution a year ago. When they complete that part we see the first stage when a true AI can become a reality, only then is there an actual solution available to seek out the perpetrators. So as we look at all the elements involved, we can see to a clear degree that 

  1. There is no real solution to the problem (at present).
  2. Section 230 is doing what it was doing, even as there are issues (no one denies that).
  3. As such we need to hold the posters accountable for what they post.

As I see it these three parts are only the top layer, and in no way is adapting or editing section 230 the solution, it might if all nations adopt it, but what is the chance of that? The only thing that the US and its senators achieve is scaring business somewhere else, when that happens the US and its data gathering stage will take a spiralling downward turn, one their economy is certainly seen as a near death experience. I think that these senators need to stop selling shit as peanut butter. To realise that part we merely need to turn the clock back to April 2018 and consider Senator Orrin Hatch (R-UT) asking Facebook CEO Mark Zuckerberg how he is able to sustain a business model in which users do not pay. The answer was simple “Senator, we run ads” (at https://www.youtube.com/watch?v=n2H8wx1aBiQ). A stage where someone was allegedly this unaware of the stage of digital media, when they rely on questions that are a basic 101 of digital media, how can we take the efforts, or the presented efforts of both the democratic and republican houses serious? 

It is a stage where you will need to take a deeper look at what you see, it is not easy and I am not asking you to believe me, I for one might be the one who sees it wrong, I believe that my view is the correct one, but when all these high titled and educated people give sides, I am willing to go own faith that I need to take another look at what I believe to be correct. And wth that, I get to my very first article. The article ‘The accountability act – 2015’ (at https://lawlordtobe.com/2012/06/19/the-accountability-act-2015/) was me seeing the change in 2012, seeing the need for an accountability act, an essential need in 2015, it never came to be and people more intelligent than me thought it not essential. So whilst I wrote (in 2012) “I believe it is time for things to truly change. I believe that the greed of some is utterly destroying the future of all others. Who would have thought in my days of primary school, that an individual would be able to have the amount of power to bleed entire cities into poverty? It was never in my thought, but then, GREED was always a weird thing. It is the one utter counterproductive sin. You see, greed does not drive forward. Competitiveness does. Innovation does. Greed does not. Greed is the foundation of slavery and submission. It drives one person to get everything at the expense of (all) others”, as such, I saw a setting that we see now more and more clearly, I was ahead of my time (well, my ego definitely is). 

We need a different setting and we can blame the big tech companies, but is that the factual setting? When we use the quote from the AFP giving us “Capitol Hill clashed with Silicon Valley Wednesday over legal protections and censorship on social media during a fiery hearing a week before Election Day in which Twitter’s Jack Dorsey acknowledged that platforms need to do more to “earn trust.””, yet the big tech companies do not write laws do they? Yes they all need to earn trust, but trust is also lost through the newspapers using digital media to set the stage of ‘click bitches’ reacting to THEIR stories, as such, how guilty is big tech? So when we are confronted with the ludicrous headline “Kim Kardashian is accused of having SIX TOES in snaps from THAT controversial birthday getaway: ‘Why is this not trending’”, something that comes up apparently every now and then, yet this is a NEWSPAPER, as such as they also use digital media to push forward their economic needs, the stage of section 230 is a little larger, and the fact that what I personally would see as fake news, we see fake news coming from news agencies, so when we consider that some talk about “earn trust”, I think that we demand this from newspapers and see how long they accept that stage before greed takes over, or should I say the needs for clicks on digital media? A stage we saw in the Leveson Inquiry and as greed took over, I wonder whether these senators have any clue on the stage that is before them and the size of that stage. A stage that has additional sides and I am willing to wager that they haven’t got a clue how many sides they are unaware off. The US (and some others) need big tech to be as it is, if I can innovate 5G beyond their scope, that matter will merely increase when they break up, making the US more and more of a target against innovators they have no defence against, because the innovators are no longer in the US, and those they thought they had are moving away to greener pastures.
It might not hurt the big tech companies with offices outside of the US, but I reckon those senators thought of that, didn’t they?

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Lack of vision

It is nice to see something else than the collapse of Greece, ISIS in Tunisia or one or two other things that have covered the front page in the last few days. Although the abuse I got from my statement “Greece is no longer for billionaires, many multi-millionaires can now afford to buy that country” has been hilarious. You see, it is all about vision. I foresaw some of the issues now in play months ago, I can also see the events as some of the status quo players are panicking as they need a solution, or lose a lot more than they bargained for. All that is almost a given. The media is looking at ‘sexy’ articles from economists on how austerity is wrong, but none of them are looking at the accountability a nation has, whilst not keeping its budgets in order is equally hilarious.

You see, the status quo people are all about continuation of THEIR needs.

This all links to the article ‘Twitter to co-founder Jack Dorsey: ‘We don’t want you’‘ (at http://www.theguardian.com/technology/2015/jun/22/twitter-dont-want-jack-dorsey), it is a week old now, but for some reason it had escaped my view. It is a decent article by Alex Hern, not just because of the way he wrote it, but the consideration given in there gives us another view that is the consequence of ‘lack of vision’.

In the article we get the quote “The Committee will only consider candidates for recommendation to the full Board who are in a position to make a full-time commitment to Twitter”. This is an interesting quote to have from a board, especially as Jack Dorsey is one of the co-founders of Twitter. The wiki quote “The first Twitter prototype, developed by Dorsey and contractor Florian Weber” gives us another insight. Jack boy was at the heart of the birth of Twitter and this board is now stating that they rather have a full time commitment person. So as Jack is not the person they want, let’s take a look at the vision that Jack build.

Because of an issue one of Jacks friends had, he came up with another idea in 2008, it founded a company called Square. Even though Square is not doing too well, I personally think that this could be turned around. In my personal view competitors of Square have been having a go at this, because of the threat they feel. Square is a sound idea, I reckon it has a decent future if someone with international Gravitas (read: massive brass balls/boobs) gets involved. Even though Business insider has been a little too kind on Jack Dorsey (comparing him to Steve Jobs is a little bit of a stretch), it is clear that this man has vision.

In my view the quote “According to Nick Bilton, author of Hatching Twitter, that first ouster came because he didn’t spend enough time in the office, leaving work “around 6pm for drawing classes, hot yoga sessions and a course at a local fashion school”. “You can either be a dressmaker or the CEO of Twitter,” the company’s co-founder and Dorsey’s successor as chief executive, Evan Williams, reportedly told him, “but you can’t be both.”

On one side there is the idea that the speaker has a point, the other part is that the speaker needs to be a civil servant and not much more. This would reflect on Peter Currie, the chair of the committee, it seems that he was, or he knows where that quote came from, whilst he is identifying a permanent CEO, he seems to be missing the point. Being a 60 hours a week workaholic does not make the quality of work better. It just gives you grey hairs a lot faster, without the benefit of yummy moments whilst they changed colour.

You see, Jack Dorsey is one of those people who needs the additional things like hot yoga and additional fashion lessons because his next idea could be just one course away. One simple conversation, an interaction with for example a nurse trying to fathom the hammock for her little girl and jack could suddenly get that next golden idea, which is likely to benefit both Square and Twitter. For those board members (read: Evan Williams), let’s not forget that some people get their golden idea’s in other ways. It seems to me that from what I have seen, Jack Dorsey and Evan Williams are opposites to a larger extent. If Jack Dorsey is seen as another Steve Jobs, than Evan Williams should be seen as the next Bill Gates. They are totally opposite and whilst the board is trying to figure out which alpha designer they should side with, it might not be a bad idea to find a way to make it work with both. Having two visionaries in your flock is beyond extremely rare. I personally side with the Jack Dorsey’s. I have no business pattern no set discipline, other than my dedication to get the job done. Beyond that my mind wanders on other venues, trying to solve that next puzzle. In that view I saw that hiring specific people for Square could solve their customer service part. Consider the quote from Gigaom (at https://gigaom.com/2009/12/01/jack-dorsey-on-square-why-it-is-disruptive/) “My view is that Square (or something like Square) is going to disrupt the businesses of companies such as VeriFone and Symbol, a division of Motorola that makes point-of-sale devices. Verifone makes a $900 wireless credit card terminal vs. Square, which runs on a $299 iPod touch“.  Yes, this 2009 quote is industrious in shape, size and concern. Whilst places like Verifone are sitting on a business model that does work, Square revolutionised the idea overnight, basically, small business owners would have a tread stone of growth whilst avoiding all kinds of initial investments. Square is that golden idea the interaction of technology and innovation. That is at the heart of vision, how to make it all work differently!

What will be the next vision?

Consider these quotes: ‘People Want Safe Communications, Not Usable Cryptography‘ and ‘76 percent of consumers were not very satisfied with technology’s ability to make their lives simpler‘. There is a market, its consumer base is greying and they need a simpler solution that gives them access without heartburn of an instant stroke after a dozen error messages. The need for simple interface software, but with a range of options is a desire for literally the young and the old. The young because they don’t comprehend, the old because they don’t want the hassle. In all this, markets that are reason for powerful growth and Twitter is in the thick of it. Which means having both Jack Dorsey and Evan Williams is a good thing. If the G-spot of financial advisors is a growing customer base, than the revolution of both Jack Dorsey and Evan Williams, could spell an age of loads of financial orgasms, so as we cater to an evolving mass of people, one cannot have too many visionaries in one building. In all this there is the hardware that changes and the software that grows, whilst the media remains hungry. In all this, vision is the key to unlocking the universe where we live in.

So when we see the quote “Project Lightning is one: the new feature sees Twitter taking an active editorial role during live events, seeking out the best content both on and off the network and embedding it in a dedicated section of the social network’s app“, with the mentioned similarity to Snapchat’s Live Stories, we have to consider that Twitter is now entering an iterative state where it follows ‘other peoples visions‘ to grow its base, in all this I state that catering to the eccentricities of both Jack Dorsey and Evan Williams might be the solution to come up with something new, making Snapchat follow the new Twitter ideas, not the other way round.

So in this we see the need for vision, not to applaud the lack of it.

This we see in the article ‘How same-sex marriage could ruin civilisation’ (at http://www.theguardian.com/science/brain-flapping/2015/jun/29/same-sex-marriage-ruin-civilisation-science), please do not worry, there is a link in all this!

Let me start saying that as a Christian, I do not care! I think any person should find the happiness that they feel they deserve, if that is in a same gender relationship, than that is just fine with me. Finding happiness is already rare enough, having it denied is just utterly counterproductive. You see, someone Facebooked Leviticus 20:13 the other day “If there is a man who lies with a male, he should be stoned“, the fact that the US legalised marijuana the same time it legalised gay marriage is just slightly hilarious when you consider Leviticus. It is all about looking differently at things.

Which is not the view the Guardian article had by the way. Now we get the quotes “Constant exposure to rainbows could mean people can’t see colours as well, and this could be disastrous. How will they know when to stop or go at a traffic light? Or which wire to cut when defusing a bomb?“, which some would call ludicrous, because we can always appreciate colours, only the colour-blind have a predicament, so they will not pass military service requirement, which means they will never defuse a bomb, as for the traffic lights, they can see when the top, the middle of the bottom light is on, which means there is no impact on that either, a science article loaded with half-baked truths and inconsequential arguments. This is how we should see some boards of directors. Their fear of requiring a status quo is now possibly hindering progress.

We need to move forward by innovation, by doing something different, because stimulating the brain is the cornerstone of innovation. For people like Evan Williams, it seems to be narrowly focussing on something related, which is fair enough, for some people that makes a difference, for people like Steve Jobs and Jack Dorsey it is to get exposed to a field of events as wide as possible. It is not entirely unlikely that Jack will attend a course in Biomathematics only to come up with a new biometrics concept that will ensure data security for the next generation. All missed because a board of directors has an issue with what they called ‘dress making’.

You see, I find their stance slightly offensive, it is for that same reason I have been so harsh on Ubisoft. After it made its billion, it moved deeper into business models, which is a bad thought, I understand it from a business point of view, yet consider that video games are art. A business model will decrease the chance of failure, yet in my view it equally destroys the option of ‘exceptional’, the line between ‘genius’ and ‘murky’ is pretty thin. I listened for too long to corporate short-sightedness only to realise too late that they were clueless to begin with. People fixed on PowerPoint presentation de-evolving from ‘status quo’ to ‘getting by’.

And my evidence? Ubisoft has not produced any revolutionary game with a 90% plus rating (truly revolutionary games, not what their marketing calls revolutionary) for some time. The next evolution in games is mostly coming from the independent scene, those pushing forward on their own, remoulding a view and bringing true originality. Examples of this view is Mojang (Minecraft), Campo Santo (Firewatch), The Chinese Room (Everybody’s Gone to the Rapture) and Hello Games (No Man’s Sky), there are more, the larger players have been slacking in titles and in quality of games. They forgot to take a leap of faith, whilst relying on business models.

We see this more and more, considering that Elder Scrolls online has had massive delays, than the PS4 community gets “it’s even worse considering some cannot play on the games release date“, which is after a year delay. I came up with a sequel to Skyrim early 2014, no online, no multiplayer, just an option to make millions of gamers happy. It took me three hours to get the first idea, a few more hours to put part of this to paper. In addition, I randomly designed a new game in my head, no business model can correct for this. Is that it? No, I came up with a new concept for the game developing of RPG games. It remains in my head because I am a decent database programmer (as well as data cleaner and so on), but I am not really a programmer, which gives me a slight disadvantage. I will work it out sooner or later (likely later as I am finishing a law degree).

So I feel for Jack Dorsey and I am on his side. In the end, Jack will come up with another golden idea which will bring him millions, I hope he does that. That board of directors is another matter, these people seem to get the quorum to hold on to status quo and they will also have a person to blame when issues go south. This is at the core of my resentment of ‘the business model’ in the field of creation. It depends on what was and cannot truly value that what has not been made yet.

It is a lack of vision that drives us into extinction, not time. Because time makes us old, vision makes us wise.

 

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