It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
An estimated $4 to $20 billion in value, what is he thinking?
That’s why Jack Dorsey jumped on it. Why spend all your time and energy maintaining a completed project when you can take $44 billion and explore other, new projects…
That’s why Jack Dorsey jumped on it. Why spend all your time and energy maintaining a completed project when you can take $44 billion and explore other, new projects…
Jack Dorsey did not make that decision. The company had a board that made the decision.
The board members they all loved a golden parachute with a valuation like that
Dorsey was eager to sell in part because he knew the price was ridiculously high.