Twitter’s founder and former CEO Jack Dorsey posted a tweet on Saturday that he is to blame for the current status of the internet, which has become centralized.

Critics of social media and tech companies like Twitter, Google, Facebook, Snapchat, and more recently TikTok say that they have a monopoly on online communication and interaction. Their decisions and policies are seen as playing too large of a role in the way people interact and understand the news.

The domination by a few tech and social media companies is something that Dorsey, who has 6.2 million followers on Twitter, laments being a part of. He has been vocal about the need for decentralization in the past and left as CEO of Twitter in November 2021.

Part of the reason why he is attracted to cryptocurrency is that it shares a lot of the same aspects of the internet when it was first developed. It is decentralized, which allows for more user control over how they purchase and spend.

Dorsey’s comments come as Tesla CEO and SpaceX founder Elon Musk has expressed interest in starting his own social media company as he becomes increasingly frustrated with Twitter.

It was reported on Monday that Musk now has a 9.2% stake, around 73.5 million shares worth around $2.9 billion, in the company and is now its largest shareholder. The news caused Twitter's stock to skyrocket.

On March 24, Musk asked his 79 million followers at the time whether Twitter should be an open-source algorithm, and 80% of those who replied agreed. Musk now has 80.2 million followers on Twitter.

Dorsey replied with a tweet, “the choice of which algorithm to use (or not) should be open to everyone.”

Square, the digital payments firm co-founded and led by Jack Dorsey, is rebranding itself as Block
Square, the digital payments firm co-founded and led by Jack Dorsey, is rebranding itself as Block AFP / Marco BELLO
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