Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
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.
Details: In a pair of tweets, Dorsey offered a few details on the effort, which it is calling BlueSky.
"Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media," Dorsey said. "The goal is for Twitter to ultimately be a client of this standard."
Asked to elaborate, Twitter offered a short statement:
"We’ve long demonstrated our commitment to doing critical work in the open and empowering people to build off of the fundamentals of our service. Apart from the technical elements outlined by Jack today, this is about exploring the fullest and most participatory vision of our service. In 2020, we will be raising our voice more prominently to support and foster these values. We’re excited to share more."— Twitter statement to Axios