Jack Dorsey Is Getting the Back Up of Elon Musk

Jack Dorsey Is Getting the Back Up of Elon Musk

Twitter CEO Jack Dorsey received a high-profile ally on Monday, as Elon Musk voiced his help for Dorsey amid an escalating battle to oust him from the highest job. “Simply need to say that I support @jack as Twitter CEO,” Musk tweeted, including that Dorsey has a good heart, by utilizing the heart emoji.Jack Dorsey Is Getting the Back Up of Elon Musk

Dorsey is beneath attack from billionaire Paul Singer’s activist hedge fund Elliott Management, which has amassed a virtually 5% stake in Twitter and is launching a pressure campaign to replace Dorsey in the top job, in keeping with media experiences. Elliott will make that case that Dorsey, who can also be CEO at Square, isn’t targeted sufficient on Twitter, in keeping with Bloomberg, which first reported the information.

Musk can be the chief government of two corporations, sporting the CEO hat at automotive electrical maker Tesla and house exploration firm SpaceX. And Musk has an extended historical past of selecting fights with monetary foes, significantly the brief-sellers which have long focused Tesla’s inventory.

On Monday, Twitter staff rushed to defend their chief, firing off tweets with the hashtag #webackjack.  “I am unable to stand those that make it troublesome for good individuals to do good,” wrote one Twitter worker. “With everything happening on this planet, we deserve more good individuals.”

Earlier this year, Musk made a virtual appearance at a Twitter employee event, telling Dorsey and the viewers how he would repair the social community, recommending motion in opposition to the trolls and bots on the platform.