If you missed it be sure to read our post, Chief Twit, where all the recent Twitter drama was broken down.
Twitter’s DAO Constitution by yours truly
I am a big supporter of making Twitter a DAO.
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Twitter DAO Constitution
This is all created by my imagination. Whether or not Elon Musk is trying to make Twitter decentralized is unknown.
Vision: Make Twitter Great Again
Governance Process:
(source: https://www.theinformation.com/org-charts/twitter)
Governance Process:
It is interesting because Elon seems to open source his internal business decisions as you can see in his poll tweet here:
Twitter obviously has an Organization Chart just like any other major company. Therefore, you would think he would follow that chain of command for business decisions. Although it seems like he is allowing Twitter users to help make those decisions, like we see in this poll to reinstate Trump’s Twitter. Or at least it appears Twitter users votes have any actual weight…? Hmm, what if this is all just more marketing to get people back on Twitter.
Some of his Tweets are giving Discord chat like above.
He has even been having fun with tweets about half of Twitter’s workforce recently walking out. Twitter’s current state would benefit from a bounty structure that a DAO can offer. A bounty system would allow Twitter to find quick talent to backfill all of these roles.
Community Guidelines
Freedom of speech and memes is all the comes to mind. I don’t really see Twitter having any sort of guidelines given the behavior that’s allowed on the app itself…
Twitter’s Current OKRs
These are Elon Musks actual proposed OKRs for the short term. They were so interesting I thought I would include them. They are….aggressive. Here is the TLDR from NY Times:
Quintuple revenue to $26.4 billion by 2028.
Cut Twitter’s reliance on advertising to less than 50 percent of revenue.
Produce $15 million in revenue from a payments business.
Makes sense. Twitter already does Shop Spotlight as of June 2022 where merchants can add their products for sale to their Twitter account. Elon is also the co-founder of Paypal, so no surprise there.
Increase average revenue per user by $5.39.
Currently $24.83 per user.
Reach 931 million users by 2028.
He claims 69 million of those users will be on Twitter Blue (The new verification subscription)
Have 104 million subscribers for a mysterious X by 2028.
Elon’s pitch deck included a mysterious new product ”X” and hinted that it has to do with an ad free experience.
Hire 3,600 employees — after shedding hundreds.
Raise free cash flow to $9.4 billion.
DAOs are a long way from ever being adopted by major corporations like Twitter. The similarities Elon Musk does with open sourcing in his first few weeks at Twitter is so interesting! This is either a coincidence or something on their long term roadmap. I am a huge DAO nerd and find creating a DAO Constitution for Twitter super fun.