The Limited Times

Twitter CEO's fight to save his place

3/6/2020, 3:10:22 PM


Entered the capital of the network, the Elliott fund wants to replace Jack Dorsey, considered too scattered.

A simple tweet was enough to set the powder on fire. On November 27, 2019, the founder and boss of Twitter, Jack Dorsey, announced his intention to spend " three to six months " in 2020 in Africa. Expected goal: to focus on a promising market, " one of the most populated continents in the next twenty to thirty years " and a " huge opportunity ", especially for the virtual bitcoin currency in which Dorsey bases the greatest hopes.

These plans on the comet, stated with such candor, were taken for sufficiency and an unbearable nonchalance by the new investors of Twitter, led by Paul Singer, president of the investment fund Elliott Management. Especially since Jack Dorsey, for his critics, would neglect the management of his flagship, in favor of a small growing fintech company, Square: a payment terminal for merchants allowing any smartphone or tablet to collect money. With 24 million users

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