Jack Dorsey Wishes Musk's Twitter Beats Zuckerberg's Threads When It Comes To This: 'Hope They Consider... Nostr'
Portfolio Pulse from Rounak Jain
Twitter co-founder Jack Dorsey has expressed his wish for social media platforms to adopt decentralized protocols like Nostr. He hopes that Twitter will adopt the protocol before Meta Platforms Inc.'s newly-launched app Threads. Dorsey has criticized Threads' privacy-invading policy and believes that using the Nostr protocol would help preserve user privacy. Threads has announced that future versions of the app will be compatible with the 'fediverse' protocol.
July 06, 2023 | 1:41 pm
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NEUTRAL IMPACT
Twitter co-founder Jack Dorsey's advocacy for decentralized protocols like Nostr could put pressure on Meta Platforms Inc. to adopt similar protocols for its Threads app. This could potentially impact user privacy and the app's overall functionality.
Jack Dorsey's comments could put pressure on Meta Platforms Inc. to consider adopting decentralized protocols for its Threads app. This could potentially impact the app's functionality and user privacy. However, it's unclear at this stage how Meta will respond to this pressure and whether it will indeed adopt such protocols. Therefore, the short-term impact on Meta's stock is neutral.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Twitter co-founder Jack Dorsey's advocacy for decentralized protocols like Nostr could lead to significant changes in Twitter's platform, potentially impacting user privacy and the platform's overall functionality.
Jack Dorsey's comments suggest that Twitter could potentially adopt decentralized protocols like Nostr. This could lead to significant changes in the platform's functionality and user privacy. However, it's unclear at this stage how these changes will be implemented and what their impact will be. Therefore, the short-term impact on Twitter's stock is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90