Twitter aims to build an open standard for social networks

Photo of smiling Twitter CEO Jack Dorsey in black shirt and jacket
Jack Dorsey. Photo: Chesnot/Getty Images

Twitter CEO Jack Dorsey tweeted on Wednesday that his company is funding an effort to build an open source, decentralized social network that Twitter would ultimately become one of many services users could interact with.

Why it matters: It's a bold move that could broaden the reach of Twitter's network, but it could also open the door for direct competitors. Plus, similar efforts in the past have struggled to take off.

Glassdoor rankings find tech workplaces are less popular this year

Deserted desks and a reclining chair featuring the logo of 'Facebook' stand in the new office of 'Facebook Deutschland' at the Potsdamer Platz in Berlin, Germany,
The office of Facebook in Berlin, Germany. Photo: Bernd von Jutrczenka/picture alliance via Getty Images

Glassdoor is out with its annual "best companies to work for" list, and a number of tech names have seen their rankings fall.

Why it matters: One area where the techlash could most harm Big Tech is recruiting and employee retention.