Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Business Bluesky Dorsey

Jack Dorsey's latest foray into social media is a Twitter-like platform that gives users more freedom. (Photo by MARCO BELLO/AFP via Getty Images)

By Hannah Bryan Leaders Staff

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

Full bio


Learn about our editorial policy

Apr 27, 2023

This Could Change Social Media

Twitter founder Jack Dorsey’s decentralized social media is nearly ready to enter the market—and it already has more than 1 million users.

Key Details

  • Bluesky began as a Twitter side project. The idea is a system that allows users to move their social-media followings from one platform to another. 
  • However, when Elon Musk took over as Twitter CEO, the Bluesky project was among the many plans cut to reduce spending, Forbes reports. 
  • Musk ended the five-year agreement with Bluesky. Twitter had already paid the startup $13 million.
  • Despite Dorsey leaving Twitter in 2022, he has continued to be involved with Bluesky.
  • Since Musk’s takeover, some Twitter users have started looking for alternate social-media platforms, making Bluesky a more valuable tool for these nomadic social-media users who do not want to lose their follower count. 

Why it’s news

The Dorsey-backed Bluesky has been invite-only, but the waiting list of users is more than 1 million strong. The number of users is limited while the app remains in beta testing, but the company has started inviting users from the waiting list. 

So far, the app has been downloaded 245,000 times by iPhone users. More than half of that traffic came this month, Time reports. 

Since Musk’s takeover at Twitter, some users have sought alternative social-media platforms to avoid Musk’s seemingly sporadic decision-making. Last week, Musk removed legacy verification marks before restoring some high-profile accounts, causing mass confusion on the site. Some users oppose Musk’s $8 monthly subscription fee to receive verification. 

Dozens of alternate social-media sites have cropped up since Musk’s takeover—Mastodon and Nostr are just a few examples. However, Bluesky stands out at Dorsey’s pick. 

Dorsey first announced his plans for Bluesky in 2019, though the project was only established and funded at the end of 2021. Dorsey’s vision was a platform that could give users total control of their online identities. 

In a 2019 discussion about what Bluesky would be, Dorsey said, “The biggest and long term goal is to build a durable and open protocol for public conversation. That it not be owned by any one organization but contributed by as many as possible. And that it is born and evolved on the internet with the same principles.”

Home / News / This Could Change Social Media
Share
FacebookTweetEmailLinkedIn

Related Stories

Wall Street Makes $100 Billion Bet on Weight Loss Pills

by PJ Howland Leaders Staff
Investing

Oct 25, 2023

Ozempic

Investor optimism around a potential blockbuster obesity drug by Structure Therapeutics led to soaring share prices across the weight-loss pharma sector.

Key Details

  • Structure Therapeutics' stock jumped 35% after reporting positive results from early clinical trials of a once-daily weight-loss pill.
  • The experimental drug helped participants lose about 5% of their body weight over one month without side effects, although there are concerns with Ozempic.
  • Analysts predict the global anti-obesity medication market could reach sales of $100 billion by 2030, up from $71 billion currently.
  • With promising growth prospects, investors are betting on companies developing new weight loss drugs like Structure, Eli Lilly, Novo Nordisk, and Pfizer.

Go deeper

FacebookTweetEmailLinkedIn

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn
Chevron Gas Deal
Markets

Oct 23, 2023

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com