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21 Best Sites to Buy Twitter Followers (Genuine & Engaging) – Los Angeles Magazine



Twitter is constantly growing with more microbloggers joining the platform. New users on this platform start with posting tweets. In the early days, getting attention for the tweets will take weeks or even months. As a simple backup for getting Twitter popularity within days, new users can buy twitter followers. Similar improvement is possible even for the veteran Twitter users with just differences in packages. Getting extra backup is beneficial for every user and it is best to select the perfect websites offering the marketing services. 

Twitter packages that send out followers for the account helps in creating a strong follower base. It is true for users of every level and with millions of people, the follower count must keep increasing. Gaining Twitter followers increases the popularity of the individual and their tweets get a larger viewer base. 

Twitter marketing plans send out stable and active followers from the target audience. These people are going to like the tweets and send out retweets, further increasing the number of viewers of the Twitter account. Therefore, the whole process acts as a chain of events that begins with the Twitter follower plans

Best Sites to Buy Twitter Followers


As a versatile social media marketing website, Viralyft is a perfect platform for Twitter followers. Best exposure from the website comes at competitive prices and in the shortest time. The followers start coming in minutes just after ordering the plans. The whole order is a three-step process which offers the best results in the end. The Twitter account gets even more engagement than the client expects. 

This website offers a refill plan as well, but they do not face issues of loss. This is because every order goes with some extra followers to the account. Security of all relevant information is possible because of the internal website security and SSL payment gateway. The fast delivery of global followers in a day or two is perfect to gain traffic from all over the world. 

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Viralyft is widely regarded as one of the best sites to buy twitter followers and the most selected plan offers 500 followers for $16.99. Additional order tracking is now included to attract more buyers with transparency.

After serving half a million clients for the past 3 years SocialPros is now a famous social media marketing website. This website is verified by the best internet security websites like TrustedSite and McAfee. Apart from the basic plans, they have promotions and discounts for clients.

 Twitter follower plans start as low as $2.50 and come with 100% authentic global followers. With Twitter safety and a lifetime guarantee, all the orders get treated as essential and unique. 

A confidentiality agreement is there to maintain the anonymity of the clients. People are not going to know if a user is boosting their Twitter traffic through Venium. Since the growth plan is steady and with real people, there will be no chance of a Twitter ban. Clients who do not get satisfactory results from the website can get a money-back guarantee from SocialPros. Every plan is safe for Twitter and goes beyond the expectation of clients with added benefits. 


Serving thousands of people for 7 years GetViral has become one of the top websites in Twitter marketing. They offer all the services with the authenticity of real engagement. All the followers actively take part in the tweets. The best followers who form the target audience are delivered to the user. If the website fails to satisfy the plan according to the selection of the user, then they can get refunds for the Twitter plans. 

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The packages begin at only $2.99 making them easy enough to buy. A special policy for the customized plans is available for the buyers. All plans start coming in within hours of ordering. The special facility of order tracking helps the buyer from GetViral keep track of completion. 

Bulk follower plans take some time to reach the account. All these benefits clubbed together offers a perfect deal for Twitter users, which leads people to buy such plans. 


Twitter follower plans of ViewsExpert have the safety of refill options and refund facility. This safety net keeps the money safe and maintains a lifetime guarantee for the followers. A 24/7 live chat support is present to help the buyers send a query. The website resolves their issues and sends out solutions for buyers facing the issues. If there is any loss of followers in the future from the plan, ViewsExpert takes care of it.

The plans start from only $2.20 which is affordable enough for anyone to buy. These are active followers who are going to show activity. Delivery of followers varies from 2-6 days which means the bulk plans reach really fast. 

These followers put the Twitter account on the map. The secure payment gateway and the no password policy add to the security. The Twitter account remains safe from all chances of a data leak. Security from ViewsExpert drives people to buy Twitter plans more. 

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SocialPackages offers a risk-free setup for buying plans. It only offers Twitter followers as the dedicated Twitter plan and hence its whole Twitter network works on it. The best quality followers reach the account from all around. SocialPackages maintains a privacy policy keeping all account information safe. They take only Twitter URLs without a password for the plans so that any further risk is not involved. The highest plan is available at $63.50 which gives 2500 followers to the account. 

All the plans come with the support of live chat so that any issue from the buyer’s side gets addressed. SocialPackages take their plans very seriously, but for technical issues, they have a refund plan too. 

All the benefits are direct at the best packages to keep the anonymity of the buyer. It keeps Twitter account safe from bans through real followers that actively take part in retweets and likes. Therefore, SocialPackages is one of the best sites to buy twitter followers will all these additional benefits. lives up to its claims that it sends out Twitter followers within a few hours only. As the followers are active users, there is a complete satisfaction guarantee for all those who buy twitter followers. makes sure that the best quality followers reach the account faster. All these dedicated plans come with a refund policy. So, there is no concern about sending money and not getting specific followers. 

Followers from around the world reach the Twitter account and that further increases the chances of traffic on the tweets. The three-step order comes with a no-password policy. This is just to ensure the complete safety of the Twitter account. 

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Plans start at affordable rates of only $2.99. Delivery of followers this fast brings engagement faster as well. The website support team is always waiting to help people. Users facing any problem even with choosing can take the help of live chat and order their choice plan. 


FollowerPackages provides a competitive price point for the different Twitter plans. Buyers who want to increase their Twitter presence seek the help of FollowerPackages. This website offers the facility to compare plans and decide the perfect one for the account. The payment and checkout process are secure so that the Twitter account never gets hacked. There is contact support in the form of a chat and email for sending out queries. 

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The positive reviews clearly show the efficacy of the plans on the FollowerPackages. There is a provision to go beyond the plans and order custom packages. 

Clients can ask for a quote that suits them. It offers the chance to get premium followers within just a few days. The stable audience created on Twitter will be beneficial for the user. Users can just order the plan and relax while the automated system sends out real followers to the account. 


Famups is unique among Twitter marketing websites because of the variants. No other website offers both local and global followers separately. Famups offers Twitter followers from the USA from the local follower plan. There is another set of plans for global followers. Clients can decide the target audience they require on Twitter and order from the best sites to buy twitter followers. This increases the proximity of the account according to the requirement of the Twitter user only. 

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The plans start from $20 and most of the plans are offering thousands of followers. This process does not require following other people. Within 1-5 days all the plans reach the account. Safety for all the plans is available with a no password policy. 

Both live chat support and email support are available to help the clients. Plans from Famups are direct and specific for the target audience that the Twitter user seeks. 


Instamama was previously working on Instagram engagement and now they have made their way to Twitter. It has made a complete network of Twitter users to help their clients gain followers. Plans come with a 100% promotion of the account on Twitter with the help of proper ads as well. The best quality followers reach the account with complete retention guarantee of all the followers. Once the clients buy twitter followers, those people will be with the account always engaging in the posts. 

Delivery of the account is safe considering the gradual process of delivery. Followers are all real users which is why it takes time to get these followers. Due to this time interval, many users feel concerned and so they can stay in touch with 24/7 support. 

The most popular plan among all their variant choices is available at $22.5 for 500 followers. As soon as the payment reaches the website, the followers start coming in. Without a wait time, the followers start increasing on the Twitter handle. 

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Boostlikes has the most variant plans among all Twitter marketing platforms. They have the best bulk plans for Twitter followers. Marketing experts use campaigns to let the clients gain followers. The followers are set to stay for life and takes the least time to gain. It is perfect for veteran Twitter users who want to buy bulk followers for their accounts. 

There are some freebies available on the website which attract people to buy plans from here. Nothing can beat the plan Boostlikes provide, which gives 25,000 followers for $1680. Such a high number of followers can make even the veteran users get way more engagement. 

Thousands of followers reacting or commenting on the post is going to create more and more traffic. The best part is the chance to order plans using card payments or crypto-wallets. 


Tweeteev is a targeted website for Twitter growth. This website offers special weekly plans to keep gaining followers. Matching the profile, the client gets followers from the target audience. Tweeteev makes sure that none of the followers are fake accounts. All real followers keep reaching the Twitter handle. This makes the work easier for the client as they keep posting tweets and the heavy work gets handled by experts. 

Weekly Twitter follower plans are $15/week and $25/week. The $15 plan comes with all the basic benefits while the other plan shows double growth each week with constant customer support. As the payment is weekly, the clients can expect Twitter follower growth weekly. 

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This sets up a steady number of viewers to see the tweets and react. Tweeteev offers 100% safety with all the plans so that clients can relax giving a stable weekly payment for keeping on increasing their popularity on Twitter. 

Global Like

Multiple positive customer reviews with WhatsApp contact support prove the efficacy of Global Like. The safety and security of the payment come with a total money-back guarantee. A complete 30-day guarantee is there to ask for a refund for issues with the order. All the plans start within 12 hours of ordering which helps in getting the complete order within a specific time. 

Delivery of the order takes only a few days so that all real followers can reach the Twitter account. Plans start from only $5 with real followers and followers are going to engage for free. If the expected level of reach is not attained after taking plans from Global Like, then clients can ask for a refund. Twitter plans offer the highest satisfaction guarantee when buyers order from here. 


Credibility of followers coming from Mr.Insta brings direct engagement. Organic growth is important for getting future results on tweets. Mr.Insta plans always deliver more followers than the order, so the loss of a few followers can be neglected. 100% safety and privacy of the Twitter account remains with the client. All of this comes with the live support of the website to help with any of the concerns that the client faces while getting the followers. 

Even though they send out extra followers with the plans, they have a refill guarantee to stop all possibility of losses. The most-liked plan is the one offering 2000 Twitter followers for $65. Multiple card payments and bitcoins are the possible payment options and a refund policy keeps the payments safe. Every plan comes with all the given benefits, which attracts buyers and makes Mr.Insta one of the best sites to buy twitter followers. 

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Some trial plans are there with the lowest rates of $0.99 to get Twitter followers. One person can order this once to check if the followers are actually real. For the buyers, limited-time offers are there at discounted prices. Right now, the hottest plan is the one for 1000 followers available at the price of $29.99. People can buy twitter followers from all the variant choices on PopularUp. This is the lowest possible price for a unit Twitter follower from the given plans. 

PopularUp already has a client base of almost a million. These plans help the clients improve their social media presence. Best privacy is maintained with the possibility of keeping the anonymity of the user. The contact support is also there to help the clients with the refund or refill options. Ordering is so simple that people get the discounted plans more than once. 


As a Twitter growth website, Appsally is a perfect choice for most clients. Nothing is beyond Appsally when it comes to social media, as they have plans for everything. The growth and marketing plans are handcrafted by professionals for better engagement. There are practically no bots sent out with the plans as all the followers are real. Plans can be customized according to the need of the client just for getting the target audience. 

There is a 15-days warranty for all the Twitter plans. The growth plan is specific for helping the clients get positive engagement. There is a special-order tracking facility to check the detailed Twitter growth. Appsally does not send out plans directly as followers or retweet plans. There are plans for engagement, conversation or traffic separately. 

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Based on these plans the Twitter growth plan is set up by marketing experts. Experts are always available through Facebook and the email of Appsally to provide necessary help regarding growth. 

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Tweetangels give special importance to targeted followers. Twitter users can get followers from around the world or just the USA. The location-based targeting is perfect for getting real followers. Along with this, the niche of Twitter account is an important place to get the targeted followers. It helps in getting the people who are actually interested in the tweets. These people are all active and real people who engage on the tweets directly. 

But the best part is that all clients can get a 30% discount on their orders with the code 2021DEALZ. The delivery comes within a few weeks to the Twitter account. Tweetangels takes this time to make sure the right people reach the Twitter account. 

People who are becoming followers in this manner are set to stay. Just giving the Twitter username, the client can buy the plans after sending out the payments. But the best part is a complete money-back guarantee for any lost followers. All the benefits stand to prove that it is one of the best sites to buy twitter followers. 


UseViral introduces unique growth plans for Twitter. The services go beyond followers only and offer a chance to get more traffic to the tweets. There are monthly plans for the growth services, which are a complete package for a developing Twitter audience. They offer only organic followers who are real and active. Such people are from the target audience and are always active. The process is simple because Twitter expert managers are helping with it. 

There is a regular plan and a Pro plan for getting Twitter growth. Both are affordable as the regular plan is $49 for the whole month while the Pro plan is $99. Both plans offer seamless services but the Pro plan is definitely a step ahead of the basic plan. With doubled exposure, there is a chance of a strong Twitter follower growth within a month. 

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Safety is well maintained with the support team reaching out regarding queries. All the services are managed by experts in the social field and so clients buy this plan to focus on specifically gaining fame. 


Two types of follower plans are available from RedSocial. There are bulk cheap follower plans and other real follower plans. Some users only care about the numbers. For these people seeking followers, the cheap plans are perfect. This is because they are not interested in the engagement and only the Twitter followers. It is actually more affordable than real followers and reaches within a few hours only. 

But all the clients who want real traffic on their Twitter account must opt for the real Twitter follower plans. The plans start at only $7 which comes within the affordable range. Getting real people as followers is always the most effective choice because they will actively like and comment on the tweets. 

These people will increase the traffic in each of the tweets which leads to genuine growth on Twitter. Real followers take a few days to reach the account from all around the world but all these followers are going to stay with the user. 


Real Twitter growth from SidesMedia comes in the form of Twitter followers. Followers coming from the growth plan continue till the clients keep ordering. These growth plans are for ordering followers monthly. Users get followers every month from the target audience. None of the followers are bots as all are real users on Twitter with real engagement.

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The plans are available at $49 for regular benefits. There is a Pro plan which adds some benefits as well. People get more than double exposure from the real plans with the customer support executives helping these clients first. Clients need to continue the pro plan for 10 weeks. SidesMedia offers as many followers as possible from the plans. 

There is no higher limit for the plan, which is best for the user because they can make the most out of monthly plans. Twitter presence of the client is not going to stick to specific engagement but flourish more. 


GetPlusFollowers have divided three monthly plans based on the Twitter engagement. The trial plans are for the new people in social media marketing who want to just try out the idea to buy twitter followers. There is a beginner plan which gives the medium engagement and followers for $24. The premium plan is for those who want more growth within a month with just $49. For all the benefits this price is affordable and cheap. 

The website is so sure about their plans and engagement that they offer 500% refund. If any client feels that they got fake followers, they can ask for this refund. All the followers are from the target audience and those who are actively involved in engagement on the tweets. There is a dedicated Twitter specialist for every client. These people help with getting more traffic to the tweets and the GetPlusFollowers send out a monthly growth report. Clients can clearly see the growth in their Twitter account and posts. 


All Twitter plans from Twesocial are weekly or monthly packages. People get followers directly from the target audience. Twesocial experts are there to help people reach more users. Simply after buying the package the expert team deals with the growth plan as Twesocial is one of the best sites to buy twitter followers. Significant growth in Twitter popularity is possible after choosing a plan. Separate plans are present for regular and pro packages. 

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Even though these plans offer complete Twitter support with stable growth, the plans are really cheap. The packages start from $15 only. At this rate, getting advanced targeting options to get a stable audience is bound to attract clients. 

They offer the maximum growth speed and the level of follower growth differs among people. Some of it depends on the user itself as most activity on the handle attracts more targeted followers. So, users can focus on their tweets while their account gets the fame it deserves. 

How to get more followers on Twitter?

There are always some tricks that let a person stand ahead among millions of users on a social platform. Twitter users must know these tricks so that more people who like such tweets can view and follow the account. This is the simplest way to get organic followers for the Twitter account just by working on the tweets. Any Twitter user can follow the following tricks to attract users to view their content. 

  • Sending out more photos and video tweets: 

Visual tweets including the photos and videos are bound to gain more attention. Among so many written tweets the few visual posts are present. As the odd one out, these visual tweets will get more viewers. This leads to people liking the tweet or even people following the Twitter account. 

  • Add attracting profile details: 

Every profile detail must be there for the Twitter account. If the profile details are perfect, then people visiting the Twitter account are going to end up following the person. The eye-catching profile details with proper pictures must be there to attract these new people. 

  • Reply to the followers on comments: 
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Followers engage with likes and comments on the tweets. If the person tweeting replies to the people who are commenting, people are going to engage more. Eventually, these people end up as followers when they find the Twitter account most engaging. 

  • Engage with relevant hashtags: 

Hashtags are going to bring new people to the tweets. People search for tweets using hashtags and more new people are going to visit the account from the tweet. So, the best idea is to use trending hashtags at a specific time. This will attract more traffic to the tweets and offer the account more followers.

  • Maintain timed tweeting: 

It is important to regulate the time for the tweets. Bulk tweeting at a single time and going off for a significant amount of time will not make any change. Optimizing the time for the tweets ensures that the account remains active all the time. 

Since all users are not active at a specific time, there is a chance for more people to see the tweets in this manner. This increases the chances of getting followers from tweets. 

  • Do not leave the space for long: 

It is important to keep tweeting daily. The idea is even better if a person is tweeting more than once every day. The account stays relevant and the followers are going to see different tweets while scrolling through Twitter. This increases the chances of getting new people who see the tweets as followers.  

  • Tag verified Twitter celebrities: 

Verified people on Twitter have the largest follower base, as they are celebrities on the platform. Twitter only offers the verified tick to the account of people of public interest. If any user tags these verified people, there is a chance of getting attention from their follower base as well. 

If the users use these tips properly while sending out their tweets, they are going to get more engagement. As Twitter follower starts increasing, it makes room for more retweets. This leads to more people seeing the tweets and following. It is best to try out these tricks because they work together with the idea to buy twitter followers. Engagement on the Twitter account goes off the charts if people can use the tips wisely. 

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Why do we need to buy Twitter followers?

Twitter marketing is responsible for the genuine growth of a user on the social platform. If a person buys Twitter followers, it will result in tweets getting more attention. This attention can channel more traffic to the tweet as well as the account. Users who are starting on Twitter for the first time can buy these followers. This acts as an instant audience for their tweets. High engagement is a perfect choice to excel on a platform like Twitter. 

But the idea is not just perfect for newcomers only. Even the people who have spent months or a year on the platform can buy followers. If they are not getting satisfactory engagement from their tweets, they can bank on these plans. Buying Twitter followers leads to the growth of the account within a specific period. 

Is my Twitter account going to be safe in the future?

The Twitter algorithm is built to keep the internal systems safe. The safety team of Twitter combs through the user accounts and content to make sure there is no foul play. If there is a suspicious activity found in a specific account, Twitter flags the account. Either they ban tweeting from the account temporarily or there is a permanent ban due to persisting improper activity. This concern always looms in the mind of the people who buy twitter followers from the marketing websites. 

Safety of the account is important for Twitter users. This is why the best websites also treat this as a priority. Twitter mainly finds out the discrepancy due to the presence of bulk followers which are mainly bots. Best websites send out only real people as Twitter followers. These people not only adorn the follower numbers but also engage in the tweets. 

They like specific tweets and offer their views in comments. Twitter safety team finds this as real traffic and lets the account have this level of traffic. 

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What are the features depicting a better Twitter marketing website?

Choosing the right website to buy plans is important for the credibility and the authenticity of the followers. The security of the Twitter account depends on the website and the account might be banned if not handled properly. Buyers also send out some payment information which needs to be safe. Payment safety and data safety must be there for every plan. The best websites take all the actions on their own and users can just keep posting tweets. 

The best websites offer followers from different regions around the world. Authentic followers that come from these plans stay for the future of the account. This gradually creates a strong follower base for the creator. 

But the best thing that attracts more people after affordable prices is the customer service. Addressing the concerns must be fast, within minutes of sending out a query. Customer service executives provide solutions or show the completion of delivery of plans. If any website shows most of these features, then it is the perfect one for marketing. 

What is the wait time for getting proper traffic from the follower plans?

Twitter traffic takes time to reach the account after using marketing strategies. Increasing the follower base is a great way to set the chance of gaining engagement. But after the new followers come from the marketing plans, they need to be able to connect with the creator. Positive engagement starts increasing with every future post and the daily activity of the Twitter handle. The creators play an important role with their high activity that can retain interested people. 

The target audience of a person comes in handy in these situations. If a Twitter user gets the people who have similar interests from the related niche, then they can expect the most traffic. Due to their interests, they are going to like and comment on the tweets. 

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These people are also going to send out retweets. The followers of these users will be potential followers of the creator as well. As the users buy twitter followers, they just have to keep posting tweets on their Twitter handle. It takes a few days to get the expected level of traffic on the Twitter account. 


Getting Twitter popularity is not difficult for the users. If the users can create tweets in such a manner that they attract the target audience, then the account is definitely going to excel. As additional support, the best sites to buy twitter followers are always there. If a person follows the right steps to improve their Twitter handle, they will be famous faster.

More people are going to view the tweets and slowly the person will become a Twitter sensation. A combined effect of Twitter marketing and targeted tweets shows results beyond expectation. 

This article has been supplied by a paid advertiser. Content has not been independently verified by Los Angeles magazine.

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Elon Musk Says He’ll Pay $11 Billion in Taxes in 2021 But Twitter Wants ‘Proof’





Elon Musk took to Twitter to clarify once and for all that he will be paying a whopping $11 billion as taxes this year.

If the number of times Elon Musk could count when someone has asked him to pay the full taxes, he would be a very rich..wait, never mind. The Tesla boss is rich beyond any private individual has been in history, reports said.

Musk has increasingly been facing criticism from many politicians and many others who insist he has not been paying taxes as compared to the profits his companies have been making. On Sunday, the SpaceX CEO took to Twitter to share that he will be paying a whopping $11 billion as taxes.

For those wondering, I will pay over $11 billion in taxes this year— Elon Musk (@elonmusk) December 20, 2021

But some of the questions did not stop. One person tweeted how they needed to see Musk’s tax returns while yet another asked how much percentage was that of his total income.

A few were, however scathing of the government who thought they will add that amount to their pockets rather than using it for some proper development.

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Wow that’s enough to give each person in the world almost $2 million but instead the government will just stick it in their pockets— greg (@greg16676935420) December 20, 2021

Why not $200 billion? Asking for a Senator— litquidity (@litcapital) December 20, 2021

Earlier this week, Democratic US Senator Elizabeth Warren has tweeted to say that Musk should pay taxes and stop “freeloading off everyone else” after Time magazine named him its “person of the year”.

In response, Musk shot four tweets in which he said that the senator reminded him of a friend’s angry mom who yelled at everybody. He tweeted, ““And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year.” “Don’t spend it all at once … oh wait you did already.”

He added further, “You remind me of when I was a kid and my friend’s angry Mom would just randomly yell at everyone for no reason.”

Musk responded by saying that he “will pay more taxes than any American in history this year”. This Twitter exchange left netizens divided as even though many supported Warren and agreed that Musk should pay more taxes, others felt that he was already doing enough.

Musk’s Tesla is worth about $1 trillion. Over the last few weeks, he has sold nearly $14 billion worth of Tesla shares.

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The Tesla boss has been pushing for his colonize Mars agenda for years now, and has made it very clear in some occasions that he would rather spend the money on putting humanity on the red planet, than pay his taxes. “My plan,” the SpaceX founder tweeted about his fortune, “is to use the money to get humanity to Mars and preserve the light of consciousness.”

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Twitter Admits Policy ‘Errors’ After Far-Right Abuse Its New Rules of Posting Pictures





Twitter’s new picture permission policy was aimed at combating online abuse, but US activists and researchers said Friday that far-right backers have employed it to protect themselves from scrutiny and to harass opponents.

Even the social network admitted the rollout of the rules, which say anyone can ask Twitter to take down images of themselves posted without their consent, was marred by malicious reports and its teams’ own errors.

It was just the kind of trouble anti-racism advocates worried was coming after the policy was announced this week.

Their concerns were quickly validated, with anti-extremism researcher Kristofer Goldsmith tweeting a screenshot of a far-right call-to-action circulating on Telegram: “Due to the new privacy policy at Twitter, things now unexpectedly work more in our favor.”

“Anyone with a Twitter account should be reporting doxxing posts from the following accounts,” the message said, with a list of dozens of Twitter handles.

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Gwen Snyder, an organizer and researcher in Philadelphia, said her account was blocked this week after a report to Twitter about a series of 2019 photos she said showed a local political candidate at a march organized by extreme-right group Proud Boys.

Rather than go through an appeal with Twitter she opted to delete the images and alert others to what was happening.

“Twitter moving to eliminate (my) work from their platform is incredibly dangerous and is going to enable and embolden fascists,” she told AFP.

In announcing the privacy policy on Tuesday, Twitter noted that “sharing personal media, such as images or videos, can potentially violate a person’s privacy, and may lead to emotional or physical harm.”

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But the rules don’t apply to “public figures or individuals when media and accompanying Tweets are shared in the public interest or add value to public discourse.”

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By Friday, Twitter noted the roll out had been rough: “We became aware of a significant amount of coordinated and malicious reports, and unfortunately, our enforcement teams made several errors.”

“We’ve corrected those errors and are undergoing an internal review to make certain that this policy is used as intended,” the firm added.

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Jack Dorsey Post Twitter Is Chasing His Crypto, Fintech Dream





At a packed Miami conference in June, Jack Dorsey, mused in front of thousands of attendees about where his real passion lay: “If I weren’t at Square or Twitter, I’d be working on Bitcoin.”

On Monday, Dorsey made good on one part of that, announcing he would leave Twitter for the second time, handing the CEO position to a 10-year veteran at the firm. The 45-year-old entrepreneur, who is often described as an enigma with varied interests from meditation to yoga to fashion design, plans to pursue his passion which include focusing on running Square and doing more philanthropic work, according to a source familiar with his plan.

Well before the surprise news, Dorsey had laid the groundwork for his next chapter, seeding both companies with cryptocurrency-related projects.

Underlying Dorsey’s broader vision is the principle of “decentralisation,” or the idea that technology and finance should not be concentrated among a handful of gatekeepers, as it is now, but should, instead, be steered by the hands of the many, either people or entities.

The concept has played out at Square, which has built a division devoted to working on projects and awarding grants with the aim of growing Bitcoin’s popularity globally. Bitcoin price in India stood at Rs. 44.52 lakh as of 12:50pm IST on December 1.

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Dorsey has been a longtime proponent of Bitcoin, and the appeal is that the cryptocurrency will allow for private and secure transactions with the value of Bitcoin unrelated to any government.

The idea has also underpinned new projects at Twitter, where Dorsey tapped a top lieutenant – and now the company’s new CEO Parag Agrawal – to oversee a team that is attempting to construct a decentralised social media protocol, which will allow different social platforms to connect with one another, similar to the way email providers operate.

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The project called Bluesky will aim to allow users control over the types of content they see online, removing the “burden” on companies like Twitter to enforce a global policy to fight abuse or misleading information, Dorsey said in 2019 when he announced Bluesky.

Bitcoin has also figured prominently at both of his companies. Square became one of the first public companies to own Bitcoin assets on its balance sheet, having invested $220 million (roughly Rs. 1,650 crore) in the cryptocurrency.

In August, Square created a new business unit called TBD to focus on Bitcoin. The company is also planning to build a hardware wallet for Bitcoin, a Bitcoin mining system, as well as a decentralised Bitcoin exchange.

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Twitter allows users to tip their favourite content creators with Bitcoin and has been testing integrations with non-fungible tokens (NFTs), a type of digital asset that allows people to collect unique digital art.

Analysts see the transition as a positive signal for Square, the fintech platform he co-founded in 2009. Square’s core Cash App, after a bull run in its share in 2020, has experienced slower growth in the most recent quarter. It is also trying to digest the $29 billion (roughly Rs. 2,17,240 crore) acquisition of Buy Now Pay Later provider Afterpay, its largest acquisition ever.

But these ambitions will not pay off until years from now, analysts cautioned.

“The blockchain platform they’re trying to develop is great but also fraught with technical challenges and difficult to scale for consumers. I think he’ll focus more on Square and crypto will be part of that,” said Christopher Brendler, an analyst at DA Davidson.

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Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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