Twitter CEO Jack Dorsey is reevaluating his plans to spend part of the year in Africa, telling a crowd at a Morgan Stanley conference on Thursday that he may no longer be traveling to the continent amid on the ongoing coronavirus outbreak and what Dorsey worded as “everything else going on.” That “everything else” is likely the open threat to his removal from activist investor Elliott Management Corporation, which last week purchased a 4 percent share in the company with the intention of nominating four members to its board and replacing Dorsey as CEO. Dorsey now characterizes announcing the Africa decision without any proper context as a “mistake.” He went on to clarify that, as one of the most populated continents over the next few decades, Africa will be a “huge opportunity” for young people to join the platform and that Twitter will be exploring options in Africa in the future. But it sounds like the plan to move there for part of the year is far less likely now. I had been working on my plans where I’d work decentralized, as my team and I do when we travel, but in light of COVID-19 and everything else going on… Read full this story
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