Twitter CEO, Jack Dorsey has said that his initial intention of relocating to Africa was a mistake.
In November 2019, after visiting Africa on a month-long trip, Dorsey tweeted: “Sad to be leaving the continent … for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid-2020. Grateful I was able to experience a small part.”
However, speaking at an investor conference sponsored by Morgan Stanley he said;
“When I tweeted about my intention to spend a few months in Africa this year, I made a mistake and should have provided more context about why. The continent will be one of the most populated in the next 20-30 years, and room for tech innovation there is incredible, but in light of COVID-19 and everything else going on I need to reevaluate. Either way, we’ll continue to pursue opportunities in Africa.” Dorsey said.
Dorsey risks being replaced as Chief Executive Officer of the company he co-founded due to the new activist investors that are currently rooting for his removal.