Twitter CEO Jack Dorsey ‘should be fired,’ according to NYU professor

  • Twitter CEO Jack Dorsey has a second job: CEO of Square, the digital payments company he started after being fired from Twitter in 2008.
  • This dual role “renders him totally incapable of providing the attention and leadership” Twitter needs, investor and NYU Stern professor Scott Galloway argued in a recent interview.
  • Galloway outright calls for Dorsey’s firing — but Dorsey has been notoriously resilient in the role: He was previously fired, but came back years later. He’s also faced calls for his ousting from investors before and won.
  • Visit Business Insider’s homepage for more stories.

Jack Dorsey is the CEO of two major publicly traded companies: Twitter and Square.

But, according to Scott Galloway, the bestselling author and a professor of marketing at New York University’s Stern School of Business, Dorsey shouldn’t be in charge of the social media company any longer. 

“He should be fired,” Galloway told Yahoo Finance

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Jack Dorsey and Mark Zuckerberg are stuck in a DC time warp, again

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech.

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Soundtrack: for maximum enjoyment of this newsletter, we recommend listening to “Time Warp,” from “The Rocky Horror Picture Show” while you read.


hot tub time machine 2



Paramount Pictures and Metro-Goldwyn-Mayer Pictures


They say that lockdown living has warped our sense of time, blurring the boundaries between days and making the past seem at once recent and remote. It sure felt that way on Tuesday, as Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey sat in front of Congress for another grilling.

Haven’t we been here before?

Like the hearings in October and those in July, Tuesday’s rendezvous on Capitol Hill was a bipartisan thrashing of the visiting CEOs, with the legislators serving as proxies for

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Fidelity Bank & Trust Partners with Jack Henry to Support Growth with Modern Technology

MONETT, Mo., Nov. 17, 2020 /PRNewswire/ — Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that Fidelity Bank & Trust has launched Jack Henry core, deposit and lending technology, gaining efficiencies and positioning for strong continued growth.

Dubuque, Iowa-based Fidelity has experienced significant growth in recent years and has nearly $1.5 billion in assets today. The bank recognized the need to select a more modern, automated core for increased support, one with robust capabilities that could competitively position Fidelity for the future. Because of Jack Henry’s flexible, integrated technology and service-focused culture, Fidelity decided to launch the SilverLake System® core in a private cloud environment. The bank replaced several vendors across its enterprise, leveraging Jack Henry for highly integrated lending and deposit solutions

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Why China Halted Ant’s I.P.O., Dealing Jack Ma a Blow

This was supposed to be the week that one of China’s biggest tech companies threw the most lucrative coming-out party in history, sending a swaggering message about the country’s economic might during the pandemic.

Instead, China sent a different message: No private business gets to swagger unless the government is on board with it.

Regulators pulled the plug Tuesday on the initial public offering of Ant Group, the internet finance giant, which had been all but ready to press go on its $34 billion stock debut in Shanghai and Hong Kong.

The I.P.O. would have brought in more cash than did Saudi Aramco, the state-run oil giant, when it went public last year. And Ant would have raised the money on the opposite side of the planet from New York, which has long been the favored listing destination for Chinese tech groups.

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China yanks IPO to show Jack Ma who’s really in charge

Beijing just showed tech titan Jack Ma and the rest of China’s billionaire tycoons who’s really in charge.



a person standing in front of a mirror posing for the camera: ATTENTION: This Image is part of a PHOTO SET. Mandatory Credit: Photo by ALEX PLAVEVSKI/EPA-EFE/Shutterstock (10792614ai) A woman works at the reception desk of the Ant Group headquarters in Hangzhou, China, 27 September 2020 (issued 28 September 2020). Ant Group is the parent company of China's largest mobile payments business Alipay and leading provider of financial services technology. The Alipay mobile application serves over 1 billion annual active users, according to the company. Ant group is an affiliate company of the Alibaba Group founded by billionaire Jack Ma and it is preparing a simultaneous initial public offering (IPO) in Hong Kong and Shanghai. Ant Group headquarters in Hangzhou, China - 27 Sep 2020


© ALEX PLAVEVSKI/EPA-EFE/Shutterstock
ATTENTION: This Image is part of a PHOTO SET. Mandatory Credit: Photo by ALEX PLAVEVSKI/EPA-EFE/Shutterstock (10792614ai) A woman works at the reception desk of the Ant Group headquarters in Hangzhou, China, 27 September 2020 (issued 28 September 2020). Ant Group is the parent company of China’s largest mobile payments business Alipay and leading provider of financial services technology. The Alipay mobile application serves over 1 billion annual active users, according to the company. Ant group is an affiliate company of the Alibaba Group founded by billionaire Jack Ma and it is preparing a simultaneous initial public offering (IPO) in Hong Kong and Shanghai. Ant Group headquarters in Hangzhou, China – 27 Sep 2020

Chinese regulators stunned financial markets on Tuesday when they slammed the brakes on Ant Group’s highly

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Astronaut Jack Fischer talks spacesuit challenges and the International Space Station in ‘Virtual Astronaut’ panel

A retired NASA astronaut will discuss how the International Space Station helps us model good teamwork on Earth, in an online panel discussion Friday (Oct. 30).



NASA astronaut Jack Fischer gives a thumbs-up sign while wearing an extravehicular mobility unit (EMU) spacesuit ahead of a May 12, 2017 spacewalk at the International Space Station.


© Provided by Space
NASA astronaut Jack Fischer gives a thumbs-up sign while wearing an extravehicular mobility unit (EMU) spacesuit ahead of a May 12, 2017 spacewalk at the International Space Station.

Expedition 51/52 astronaut Jack Fischer will participate in the panel discussion by The Virtual Astronaut series, which is bringing online talks by astronauts to the general public. The panel discussion will review the importance of 20 years of continuous human occupation on the International Space Station (ISS), and will be moderated by collectSPACE.com founder and Space.com contributor Robert Pearlman. You can buy tickets here.

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Fischer, who is also a retired United States Air Force colonel, said that he found the ISS was helpful in bringing a greater value to cooperation

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Retired NASA astronaut Jack Fischer talks spacesuit challenges and the International Space Station in ‘Virtual Astronaut’ panel

 

A retired NASA astronaut will discuss how the International Space Station helps us model good teamwork on Earth, in an online panel discussion Friday (Oct. 30).

Expedition 51/52 astronaut Jack Fischer will participate in the panel discussion by The Virtual Astronaut series, which is bringing online talks by astronauts to the general public. The panel discussion will review the importance of 20 years of continuous human occupation on the International Space Station (ISS), and will be moderated by collectSPACE.com founder and Space.com contributor Robert Pearlman. You can buy tickets here.

Fischer, who is also a retired United States Air Force colonel, said that he found the ISS was helpful in bringing a greater value to cooperation even amid international disagreements. 

Related: Extreme space cuisine! Astronaut whips up ‘bite-size yumiosities’ in orbit 

While Fischer did not cite specific examples, one prominent recent incident was a 2014 comment by then Russian deputy

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Jack Dorsey urges ‘thoughtfulness and restraint’ as Congress develops Big Tech regulations

Twitter CEO Jack Dorsey will warn lawmakers on Wednesday that changing Section 230 of the Communications Decency Act could unintentionally limit speech online and damage competition, in testimony to the Senate Committee on Commerce, Science and Transportation.

Section 230 affords protection to companies such as Twitter from legal liability for content posted by users on their platforms. The Trump administration and federal lawmakers have honed in on that key provision as they look for ways to curb Big Tech’s behavior.

Mr. Dorsey will say that Section 230 has enabled new companies to compete with much larger companies around the world, according to Mr. Dorsey’s prepared remarks.

“Eroding the foundation of Section 230 could collapse how we communicate on the Internet, leaving only a small number of giant and well-funded technology companies,” Mr. Dorsey will say. “We should also be mindful that undermining Section 230 will result in far more removal

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Jack Dorsey’s beard dominates online reaction to tech hearing



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Chinese billionaire Jack Ma and AMD CEO Lisa Su have a new tech strategy: shoot the moon

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech.

Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here 

This week: Jack Ma and AMD CEO Lisa Su are shooting for the moon



a close up of Jack Ma looking at the camera: Jack Ma Stephane Mahe/Reuters


© Stephane Mahe/Reuters
Jack Ma Stephane Mahe/Reuters

Good news, there’s water on the moon, and soon, there will even be WiFi on the moon.

Netflix has a new animated movie out called “Over the Moon.”

And Elon Musk unlocked another multi-billion dollar tranche in his so-called moonshot award compensation package.

Clearly, the moon is having a moment.

Back on planet Earth, it’s tech dealmakers that are shooting for the moon.

Ant Group, the Chinese fintech giant controlled by Jack Ma, wants to raise $34.5 billion in the biggest IPO ever in a dual Hong Kong-Shanghai listing.

AMD announced

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