Disney CEO's Memoir Sheds Light on Jack Dorsey's Twitter
Disney CEO Bob Iger's memoir reveals that his company backed out of a deal to acquire Twitter, partly due to issues at the platform, with implications for CEO Jack Dorsey's focus.
In his memoir, 'The Ride of a Lifetime,' Disney CEO Bob Iger revealed fascinating details about a near-acquisition of Twitter in 2016. Iger explained that Disney ultimately backed out of the deal, citing concerns over the 'nastiness' of public discourse on the platform and the prevalence of bot accounts. While not directly about Bitcoin, this revelation was significant because of Twitter CEO Jack Dorsey's dual role as the head of Square and his passionate advocacy for Bitcoin.
The challenges at Twitter, as described by Iger, highlighted the immense pressure and focus required to manage the social media giant. This context was important for the Bitcoin community, which viewed Dorsey as one of its most powerful and influential allies. His ability to dedicate resources and personal focus to Bitcoin-related projects, such as Square's Cash App, Square Crypto, and his broader vision for a native internet currency, was seen as being linked to his position and stability at Twitter.Iger's account provided a high-profile, external perspective on the operational hurdles at Twitter, sparking conversations about Dorsey's long-term future and his capacity to continue driving Bitcoin adoption forward from his unique position at the helm of two major public companies.