RATE Group | Win or Lose for Bitcoin? Billionaire Investor Seeks to Replace Dorsey as Twitter CEO
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Win or Lose for Bitcoin? Billionaire Investor Seeks to Replace Dorsey as Twitter CEO

29 Feb Win or Lose for Bitcoin? Billionaire Investor Seeks to Replace Dorsey as Twitter CEO

Posted at 05:19h in Bitcoin News by

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According to media reports from many different sources (Bloomberg and CNBC), the plan to replace Jack Dorsey as Twitter CEO is already in action.

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Paul Singer, Elliot Management founder and billionaire investor, is leading the move claiming that , Dorsey’s split interest and attention due to Square Inc. is hurting Twitter. Since his reinstatement as CEO in 2015, Twitter stocks has been overly under-performing compared to Facebook.

However, the replacement of Jack Dorsey from the helm also calls for major political and social implications. Under Dorsey, Twitter has been pro Bitcoin enabling ‘Crypto Twitter’ to prosper on his social media platform.

Moreover, his substitution also seems to have larger implications on the 2020 US Presidential Elections.

Ulterior Motives?

Seems like, Singer’s move might adversely threaten the politics of America ahead of 2020 elections. Last time, Facebook was found meddling with user data and unethically…

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