For CEOs, social media has lost its fun… NETWORKS NOW DISTRESSED ASSETS… Sharing of private media without permission NOW BANNED…

For CEOs, social media has lost its fun

CEO Jack Dorsey’s departure from Twitter shows that, in Silicon Valley today, social media is becoming a field to flee.

Why it matters: Coming on the heels of Facebook’s name change and new metaverse focus, Dorsey’s resignation is another sign that the industry now views the massive social networks it built over the last two decades as buggy “legacy applications” mired in annoying social problems.

• Tech’s most ambitious and restless founders, investors and engineers have always preferred building something new from scratch to fixing existing products.

Driving the news: Dorsey, who first scribbled the idea for Twitter on a legal pad two decades ago, announced Monday morning he was stepping down as CEO and departing the company he has led since 2015.

Twitter bans sharing of private media without permission

• Twitter (TWTR -1.1%) has expanded its rules to ban the sharing of images and videos of private individuals without permission.
• “There are growing concerns about the misuse of media and information that is not available elsewhere online as a tool to harass, intimidate, and reveal the identities of individuals,” the company says.
• Twitter already bans the sharing of individuals’ private information, such as phone numbers, addresses and IDs. And existing rules cover explicit instances of abusive behavior, but Twitter says the update allows action on media shared without explicit abusive content.

Decade-old tweet causes viral headache for new boss…

Dorsey’s Exit Could Worsen Tech Censorship…