Is Jack Dorsey making fun of us? The chief executive of Twitter and Square recently appeared before Congress sporting a beard well on its way to the floor. He executed his duties for a time from French Polynesia. And on Thursday, he explained Square’s acquisition of Jay-Z’s small music service Tidal saying “New ideas are found at intersections, and we believe there’s a compelling one between music and the economy.”
Dorsey has shown over the past year that he is no flake. Twitter’s stock price is close to all-time highs. The social network says it can double revenue by 2023. Square is an even a bigger success. Its market cap is $110bn. It has an array of payment products and a bitcoin gambit that has paid off magnificently.
If Dorsey is all over the map, that chimes with his belief that incumbent systems and technologies can be decentralised for the benefits of users. For now, the world seems to think he is on to something.