20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In a recent interview, Jack Dorsey, the co-founder of Twitter (now X), expressed his support for Elon Musk's approach to the platform’s policies, days after referring to the social media platform as "freedom technology."
What Happened: Dorsey acknowledged the challenges of maintaining a social media platform while upholding user rights in a recent interview with Pirate Wires.
He commended Musk for his decision to maintain these policies, despite the potential impact on the platform’s business model.
"Elon made a choice, and I think it’s the right choice."
Dorsey also mentioned that Musk’s decision to maintain these policies has led to a decline in the platform’s business, indicating that a different model may be necessary to support these policies.
“You have to build up a lot more than advertising to make that model work. You have to build subscriptions, which Elon is doing. You have to build commerce."
"You have to base more of your model on these internet primitives that can monetize better than advertising if you’re going to have policies like [Elon's],” said Dorsey.
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Why It Matters: This interview comes amid Dorsey stepping down from the board of Bluesky, a decentralized social media platform he backed.
Dorsey said the board needs a new member who shares the platform’s vision of a user-controlled social network. This decision followed controversy at Block, a company Dorsey co-founded.
Despite his efforts with Bluesky and Nostr, Dorsey continues to face criticism as the “face of censorship” at Twitter 1.0. Dorsey admitted that the advertising-based business model was the “core, critical sin” that led to the censorship problems on Twitter.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo courtesy: TED Conference on Flickr
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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