Twitter Inc’s (NYSE: TWTR) CEO is Considering a Decentralized Platform

In 2008, Blaine Cook, a developer on Twitter Inc (NYSE: TWTR), stated that he believed the platform could become the backbone for online conversations. The space would allow people from different social media platforms to have conversations. Cook even made a prototype to demonstrate this idea.

Cook received no support for his vision. Instead, he was ousted from the start-up. Since then, Twitter has been a centrally regulated platform. However, the company seems to be exploring a version of Cook’s idea as Parag Agrawal, its CEO, begins to push for decentralization.

Twitter could add a tab for podcasts

Meanwhile, Jane Manchun Wong has posted a screenshot that indicates that Twitter is creating a tab for podcasts. Wong doesn’t reveal if the podcast feature will use Spaces, Twitter’s audio chatroom.

Twitter has shown an interest in audio since 2020 when it launched Spaces. This feature lets users record audios and have chatrooms. Moreover, it acquired a podcast platform called Breaker

Twitter is also expanding its content warning feature to all its users. This feature allows users to hide posts, including videos and photos with tags such as sensitive, violent, and nudity. This contrasts with tags that give a blanket warning instead of being specific. Twitter has announced the feature will be available to all iOS and Android users.

Twitter stock has declined by 50%

Analysts have noted a 50% drop in Twitter’s stock value. This decline results from falling short of earnings estimates, a new CEO, and slower user growth. Furthermore, the drop was amplified in 2022 when the U.S Federal Reserve started that there could be a rise in interest rates.

This announcement has affected multiple companies as investors have decided to buy safer shares. However, the interest rate has been lower since Russia invaded Ukraine.

Meanwhile, Gary Gensler, the chair of the U.S Securities and Exchange Commission (SEC), has stated his uncertainty on whether companies that advertise themselves as ESG are as socially conscious or green as they claim.

Gensler points out that the problem is worsened by the lack of clear guidelines on what ESG could mean. As a result, many money managers falsely claim that the funds they represent are ESG.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

Recent Stories

SignUp Now For Our Featured Newsletter