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- Twitter Inc TWTR CEO Jack Dorsey tweeted that Jay Graber will lead the company-sponsored Bluesky.
- Bluesky seeks to introduce new decentralized technology to gain respite from the web traffic dominance of companies like Alphabet Inc GOOG GOOGL, Google, and Facebook Inc FB.
- The appointment comes almost two years after Dorsey had announced the project.
- According to a Reuters report, the founder of social events firm Happenings Inc startup, Jay Graber, has worked as a cryptocurrency developer.
- Price Action: TWTR shares traded lower by 1.78% at $63.66 on the last check Monday.
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