Twitter has come to an agreement with activist investor Elliott Management, in which Jack Dorsey retains his position as CEO. This announcement represents a major victory for Bitcoin and the crypto community.
Dorsey To Remain CEO Amid Board Room Shakeup
Jesse Cohn, Elliott’s head of US activism, will immediately join Twitter’s board, along with Silver Lake co-Chief Executive, Egon Durban. A third independent director will be appointed later.
The board, along with its new members, will also form a committee to evaluate a succession plan with Dorsey and make recommendations on corporate governance. One potential change in the sights of the new committee is the removal of its staggered board, and it plans to share its findings by year end.
Equity firm Silver Lake will also invest $1 billion into the social media company under the terms of the agreement. Twitter plans to use this money to fund its first ever share buyback, set at $2 billion.
Dorsey: Overburdened or Coping Well?
As Bitcoinist reported last week, Elliott Management took a sizeable stake in Twitter, and put forward four nominees for the board of directors in a push for change, including potentially replacing Jack Dorsey as CEO.
Elliott founder, Paul Singer, was reportedly concerned about Dorsey dividing his attention between his roles as CEO of two publicly listed companies, Twitter and Square, along with his plans to spend up to six months a year in Africa, which he has since said he will reevaluate.
As part of today’s deal, Elliott Management and Silver Lake have signed a standstill agreement, ceasing any further push for Dorsey’s removal.
Patrick Pichette, lead independent director of Twitter’s board said that the temporary board committee will be created to build on the board’s usual ongoing assessment of its management structure, although he is “confident we are on the right path with Jack’s leadership.”
As a board, we regularly review and evaluate how Twitter is run, and while our CEO structure is unique, so is Jack and so is this company.
Dorsey Is Good For Bitcoin
Jack Dorsey has been a great advocate of Bitcoin and one of its most visible champions. Through its implementation in Square’s Cash app, he has created one of the simplest ways to buy and hold Bitcoin.
Twitter also funds a team of developers who are working purely on advancing the Bitcoin ecosystem. If Dorsey were to be removed as CEO of Twitter, the ramifications may lead to a slower or reduced adoption of Bitcoin.
Are you glad that Jack Dorsey is staying on as Twitter’s CEO? Add your thoughts below!
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Jack Dorsey, the CEO of two well-known companies – Square and Twitter – reportedly sees a future for Bitcoin, and it is in a country with a developing economy and that boasts 1. 2 billion people: Africa.
For the last month, Twitter and Square CEO, Jack Dorsey, has been going around Africa to understand the state of the region, most likely from a financial services and payment perspective. According to Forbes, Dorsey met Bitcoin business owners at a meetup in Nigeria and subsequently tweeted that Africa will define the Bitcoin future, DecemberRead MoreRead More.
Twitter CEO, Jack Dorsey, recently published a tweet in which he announces his move to Africa, as he believes that the continent will ‘define the future. ’ Africa has always been a fascinating continent to a lot of people, and according to one recent tweet, Twitter’s CEO Jack Dorsey feels the same.
Несмотря на готовящуюся чистку неактивных микроблогов, CEO Twitter Джек Дорси пообещал не удалять аккаунт одного из ведущих представителей движения шифропанков Хэла Финни, скончавшегося в августе 2014 года.
The cryptocurrency industry has recently been flooded with positive news about the possible adoption of the technology. Yesterday, the CEO of Twitter, Jack Dorsey, was seen in Nigeria and Ghana, discussing the possibility of Bitcoin adoption.
Jack Dorsey, Co-Founder and CEO of Twitter, is attending Bitcoin meetups in Sub-Saharan Africa to discuss the adoption of Bitcoin payments in Ghana and Nigeria.
Jack Dorsey is traveling in Africa to meet like-minded people who are also interested in Bitcoin. Nigeria and Ghana are two countries he has visited thus far. Jack Dorsey, the CEO of both Twitter and Square, has been touring some countries in Africa to better understand the continent’s financial infrastructure.
Twitter and Square chief, Jack Dorsey, is meeting with African tech entrepreneurs as the bitcoin bull sets sight on the continent’s growing crypto industry. Twitter CEO Heads to Africa Dorsey is currently in Ghana after spending a few days in Nigeria meeting with tech entrepreneurs.
Ardent Bitcoin worshipper Twitter CEO Jack Dorsey was a part of investors who participated in CoinList’s crowdfunding, helping to raise $10 million. The token offering platform will use the cash to come up with CoinList Trade which will be a new exchange platform.
Jack Dorsey, the CEO of Twitter and Square is increasing his stake in the cryptocurrency arena as the Wall Street Journal (WSJ) reports the bitcoin bull investing in CoinList. Dorsey’s other company, Square, is also heavily involved in bitcoin trading.
The funding round raised $10 million for the crypto startup specializing in token sales. The move comes months Twitter CEO Jack Dorsey launched Square Crypto. The startup could turn out to be a competitor to Cash app.
Jack Dorsey, CEO of Twitter and ardent Bitcoin proponent, seems to be taking a more active role in the cryptospace after it was revealed that Dorsey has made a significant investment in an emerging crThe post Twitter's Jack Dorsey joins investment round for crypto start-up CoinList appeared first on AMBCrypto.
Twitter CEO Jack Dorsey is expanding his cryptocurrency involvement by backing crypto initial coin offering (ICO) exchange platform, CoinList. Dorsey, who also heads San-Francisco payment service Square, is a noted bitcoin bull who maintains that the top-ranked crypto will eventually become the de facto currency of the internet.
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Twitter CEO Jack Dorsey is the latest to comment on Facebook, Libra and CEO Mark Zuckerberg’s speech at Georgetown University, comments made at a recent event in New York. These comments were reported by The Hollywood Reporter, with Dorsey also addressing the role Twitter could have played in influencing the 2016 U.
Jack Dorsey, CEO of two multi-billion dollar companies, microblogging network Twitter and payments technology firm Square, has said that Twitter will never join the Facebook-led Libra stablecoin project. On October 24, a Twitter thread by...
Square, Inc. , the Bitcoin-focused payment company founded by Twitter CEO Jack Dorsey, has just brought the Chief Innovation Officer from the National Basketball Association (NBA), Amy Brooks, to its Board of Directors.
Jack Dorsey, the CEO of both Twitter and payment processor Square, is looking for a designer to help reinvigorate Bitcoin’s image and help shape how the popular cryptocurrency will be brought into the mainstream.
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Jack Dorsey, CEO of Twitter and Square, has confirmed that Twitter has no plans of rivaling Facebook and Telegram with a token offering of their own, as per Forbes, September 9, 2019. Square will focus on bettering their Bitcoin-based offerings as Dorsey believes that an open internet standard like Bitcoin is much more beneficial andRead MoreRead More.
Coinspeaker Twitter CEO Jack Dorsey: Bitcoin is the Best Bet to Be the Internet’s Native CurrencyCEO of Twitter Jack Dorsey said Twitter has no intentions of launching its own crypto project.
Twitter’s founder and CEO Jack Dorsey has confirmed that he doesn't intend to launch a cryptocurrency while on a trip to Australia to promote Square, the other publicly traded company which he co-founded.
“I think the internet will have a native currency and anything we can do to make that happen we'll do,” said Jack Dorsey, founder and CEO of Twitter in an interview recently. Square co-founder has long been confident that the internet will have a native currency like Bitcoin. The world's leading cryptocurrency has been the […]
Twitter’s Jack Dorsey says the world would be better served by an autonomous open-source currency like bitcoin rather than centralized projects owned by companies. No Chance of a ‘Twitter Cryptocurrency’ Speaking to The Sydney Morning Herald, the Twitter founder declared that he had no intention of creating a Twitter cryptocurrency.
Twitter has temporarily suspended the ability to tweet via SMS following high-profile hack of its CEO Jack Dorsey and a number of celebrities. “We’re taking this step because of vulnerabilities that need to be addressed by mobile carriers and our reliance on having a linked phone number for two-factor authentication,” the company said.
With cryptocurency adoption surging on a global level, Jack Dorsey’s Square Crypto plans to take a step ahead and provide millions of users across the world access to the same, by providing extensive internet services.
Twitter founder and CEO Jack Dorsey says he has not even considered creating a Libra-like native currency for his own social media platform. Instead, the entrepreneur believes Bitcoin to be much more suited for use as a “currency for the internet” than anything else available or in the works to date.
Yesterday, the CEO of Twitter and Square Inc. , and staunch Bitcoin and crypto supporter, Jack Dorsey, had his personal Twitter account hacked by the way of a SIM-swap attack and SMS-based backdoor.
Jack Dorsey, the co-founder and CEO of Twitter had his account taken over briefly by the hackers on August 31st. Twitter confirmed when it Tweeted, “We're aware that Jack was compromised and investigating what happened.
Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat.
After Jack Dorsey’s Twitter page was compromised, the Tron CEO makes a recommendation that all crypto users protect their wallets with a non-SMS-based 2FA
In a shocking display of Twitter’s vulnerability, CEO Jack Dorsey had his account hacked. The offending tweets were clearly intended to be as offensive as possible and beg the question if Dorsey can’t keep his account secure, can anyone? As the dust settles, however, this hack appears far more meaningful.
If the CEO of two multi-billion-dollar companies can get hacked, you can too. Jack Dorsey, CEO of Twitter and Square, had his account “compromised,” acting as a reminder to people at high risk of hacking, such as Bitcoin holders, should be especially security conscious.
Twitter CEO Jack Dorsey‘s had his account hacked. Several tweets have been sent from his verified @Jack account, many of them containing racist epithets, threats, and extortion demands. We're aware that @jack was compromised and investigating what happened.
Twitter CEO Jack Dorsey‘s had his account hacked. Several tweets have been sent from his verified @Jack account, many of them containing racist epithets, threats, and extortion demands. We're aware that @jack was compromised and investigating what happened.
Square's stock fell more than 6 percent in after-hours trading after the company disappointed Wall Street with its outlook. One bright spot for the payments company is bitcoin, which users can buy and sell on the Cash App and which they are increasingly doing.
Square’s stock fell more than 6 percent in after-hours trading after the company disappointed Wall Street with its outlook. One bright spot for the payments company is bitcoin, which users can buy and sell on the Cash App and which they are increasingly doing.
Coinspeaker Square Outsources for Designers to Bring about a ’Bitcoin For Everyone’ CryptocurrencyTwitter and Square’s CEO Jack Dorsey proposes that user experience is at the core of mass adoption for cryptocurrency.
Twitter CEO Jack Dorsey has a horse in the 2020 political race. That’s Hawaii Congresswoman Tulsi Gabbard, an Iraq War combat veteran and anti-war candidate for the Democratic nomination. There’s something else that sets her apart from the rest of the wide Democratic field.
The Lightning Network (LN) has been pegged as the next big off-chain scalable solution for the Bitcoin network for quite some time now. It has been promoted by numerous Bitcoin proponents including the likes of Jack Dorsey, the Twitter CEO.
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