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Musk tweets support for Dorsey remaining as Twitter CEO

Published 03/02/2020, 10:02 PM
Updated 03/02/2020, 10:02 PM
© Reuters. Dorsey, co-founder of Twitter and fin-tech firm Square, sits for a portrait during an interview with Reuters in London

© Reuters. Dorsey, co-founder of Twitter and fin-tech firm Square, sits for a portrait during an interview with Reuters in London

(Reuters) - Elon Musk said late on Monday he supported Jack Dorsey remaining as Twitter Inc's chief executive officer, two days after reports that activist investor Elliott Management Corp has pushed for his removal from the role.

"Just want (to) say that I support Jack as Twitter CEO," the billionaire chief executive officer of Tesla (NASDAQ:TSLA) Inc tweeted using the heart emoji to say Dorsey has a good heart.

Dorsey, 43, is one of Silicon Valley's most prominent entrepreneurs, and also runs Square Inc (NYSE:SQ), a mobile payments company he co-founded.

Dorsey and Musk have lauded each other on social media earlier. In an event early this year, Dorsey had asked Musk, who has over 31 million followers on Twitter, for advice on how to make the platform better.

© Reuters. Dorsey, co-founder of Twitter and fin-tech firm Square, sits for a portrait during an interview with Reuters in London

Hedge fund Elliott has amassed a stake in Twitter and will be seeking to install its own nominees to the social media company's eight-member board when three of the directors stand for election, Reuters reported on Friday, citing sources.

Latest comments

Dorsey is doing a great job. He just need to fix a little here and there and twitter should resume great growth ahead.
Dorsey does not get what is needed on the ad platform he is 10 years behind they need new blood .
I would use Twitter if it weren't so unfair to conservatives. If you're going to operate a social media service, you shouldn't be allowed to openly discriminate against millions of Americans. Still waiting for a service like Twitter that actually wants my business.
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