Bitcoin (BTC) Proponent Jack Dorsey Wanted Out of His Twitter Chief Post

News
Sat, 02/29/2020 - 13:03
Yuri Molchan
The prominent BTC supporter Jack Dorsey does not seem to satisfy a major Twitter share holder as CEO, here’s why
Cover image via www.shutterstock.com
Contents

Reuters reports that Hedge Elliott Management Corp, the owner of a significant stake in Twitter, may want to replace Jack Dorsey, believing his no good as the Twitter chief.

Jack Dorsey wanted out of steering 

Elliott Management has appointed four of its reps to be on Twitter’s board.

Reuters writes that the problem with Dorsey for Elliott is that he splits his efforts between working for the good of Twitter and his new payment processor Square Inc, which has a subdivision dealing with cryptocurrencies – Square Crypto.

Dorsey is known to be a crypto educator and supporter of the flagship crypto - BTC. Not long ago, Twitter launched a Bitcoin emoji which was gladly accepted by crypto fans on the platform.

Related
Bitcoin (BTC) Remains in Bear Market, According to Trading Legend Peter Brandt

Is Dorsey a good CEO for Twitter?

There has been no official confirmation of that either from Jack Dorsey or Elliott yet.

Since the return of Dorsey to the leading position in Twitter in 2015, the company’s shares have dropped slightly over six percent. However, its rival Facebook, which still intends to launch its crypto coin Libra, made its stock rise over 120 percent.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy