Jack Dorsey could cancel trip to Africa

Credit: Capture Square YT

With the global epidemic of coronavirus and presumably under pressure from an investor, the CEO-founder of Twitter and fervent supporter of Bitcoin, Jack dorsey, reconsiders its project aiming to spend 6 months in Africa.

Dorsey reassess her african project. In December, the director of Twitter announced that he wanted to leave for 6 months on this continent where, according to him, the future is taking shape, and in particular that of cryptocurrencies like Bitcoin.

With the COVID-19 and everything else, I have to think about it. Either way, we will continue to look for opportunities in Africa, "Dorsey said at a conference in San Francisco, according to CNBC.

The news comes as a recent report by Bloomberg claimed that Elliott Management, a fund which recently held a stake in Twitter, was pushing to oust Dorsey.

The powerful activist fund would blame the manager for being the head of two large companies (Twitter but also the payment company Square) and also want to leave 6 months in Africa.

The " everything else ”Of Dorsey could thus refer to the threat of the American fund. The 43-year-old entrepreneur did not address the subject, but nevertheless explained that he should have clarified the reason for his african project.

When I tweeted about my intention to spend a few months in Africa this year, I made a mistake and should have provided more information. Africa will be one of the most populous continents in the next 20 to 30 years, technological innovation is incredible. It’s a huge opportunity, especially for young people, to join Twitter, ”he said.