Media reports are apparently announcing an imminent Twitter CEO replacement. Mainstream media like Bloomberg, CNBC have also reported the Twitter chief executive officer dismissal situation. It is believed that Paul Singer, Founder of Elliot Management, and billionaire investor would serve as Twitter CEO replacement if he is eventually removed.
Reportedly, Dorsey’s elimination as Twitter CEO is imminent as he believed to be distracted from his role as CEO managing both Twitter and Square and his desire to move to Africa. These distractions are beginning to affect Twitter as the company’s stock has not performed as expected, unlike Facebook, its arch-rival.
Twitter CEO replacement is also believed to bring both political and social effects. Twitter under Dorsey’s management is said to be pro-Bitcoin BTC allowing the cryptocurrency community to thrive on the platform. Dorsey’s removal would also have its implication on the US 2020Presidential Election.
Paul Singer’s appointment as Twitter CEO would, however, be more impactful as it is believed it could threaten America’s politics ahead of its elections. Similar to Facebook’s Non-verbal support for Trump’s election meddling with users’ data and promoting the presidents on its platform unethically in 2016, Singer is a known supporter of the Republican Party in America.
The social media platform also has been used by the cryptocurrency community as Dorsey’s interest in the development of cryptocurrency has given the community the backing. Any change in Twitter management would likely affect the crypto mass adaption, similar to what the YouTube crypto community faces.
Dorsey also plans to move to Africa also for six months to help the community as he has been at the forefront for Black Americans to adopt BTC and to publish a book Bitcoin and Black America.
However, taking a financial look at Twitter’s management with Dorsey, the CEO, investors can say his performance has not measured up, but then socially and among stakeholders, social media has been upfront.
About Twitter CEO replacement, Paul Singer
The most likely new Twitter CEO, Paul Elliott Singer, is a popular and renounced businessman. Singer doubles as an investor, philanthropist, and worths over $3 billion, according to Forbes ranking.
About Twitter’s current CEO, Jack Dorsey
Current Twitter CEO Jack Dorsey is a computer programmer. Dorsey doubles as a co-founder of both Twitter and Square. Dorsey is also a die heart believer of the African project and crypto growth in Africa and across the globe.
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