Jack Dorsey Takes Cue From Musk, Leaves Instagram After 12 Years: 'Clear Eyes, Meta Free, Can't Lose'
Portfolio Pulse from Ananya Gairola
Twitter co-founder Jack Dorsey has left Instagram after 12 years, also discontinuing use of WhatsApp and Facebook. This move, similar to Elon Musk's stance against Meta Platforms Inc., has sparked controversy. Dorsey's decision seems influenced by Musk's criticism of Meta. Earlier this year, a Stanford research team reported that Instagram had over three times the number of accounts dedicated to selling child sex abuse material than Twitter.
August 18, 2023 | 6:30 am
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NEGATIVE IMPACT
Jack Dorsey's departure from Meta-owned platforms could potentially harm Meta's reputation and user base.
Dorsey's decision to leave Meta-owned platforms, influenced by Elon Musk's criticism, could potentially harm Meta's reputation. This could lead to a decrease in user base and, consequently, a decrease in ad revenue.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100