The Wall Street Journal: Twitter CEO Jack Dorsey rethinking his temporary move to Africa

Twitter Inc. Chief Executive Jack Dorsey is reconsidering plans to spend part of this year in Africa, a trip that has drawn criticism and helped fuel a push by activist hedge fund Elliott Management Corp. to possibly replace him.

Dorsey said Thursday that the spreading coronavirus was, in part, causing him to rethink his travel plans. “In light of Covid-19 and everything else going on I need to re-evaluate,” he said at a Morgan Stanley event.

The CEO first disclosed his Africa plans last year via Twitter. He said Thursday he didn’t make his plans to work there remotely sufficiently clear at the time. Dorsey defended his Africa plans. “The tech innovation is incredible,” he said, and represented a growth opportunity for Twitter.

Elliott has taken a roughly $1 billion stake in Twitter
TWTR,
-2.86%

and nominated four directors to the social-media company’s board. It is also seeking a full-time CEO. Dorsey runs payments firm Square Inc.
SQ,
-3.70%

as well as Twitter.

An expanded version of this report appears on WSJ.com:

Also popular on WSJ.com:

How to prepare for the coronavirus.

Mortgage rates hit record low, but coronavirus may deter buyers.

What's your reaction?
Happy0
Lol0
Wow0
Wtf0
Sad0
Angry0
Rip0
Leave a Comment

escort eskişehir escort samsun escort gebze escort sakarya escort edirne