Ahead of US elections, Twitter CEO Jack Dorsey’s job at risk

The buzz is that Twitter CEO Jack Dorsey will soon be replaced. Here’s why:

1) Jack Dorsey, as CEO, banned political advertising on Twitter in October so that they can quell fake news at a time when the US presidential election campaigns had begun full swing. Which has not been down well with Republican donor billionaire Paul Singer whose investment firm Elliot Management Corp has picked up substantial stake in President Donald Trump’s favourite social media platform.

2) Republicans believe the social media company is unfairly suppressing right-wing views while magnifying liberal thought.

3) Besides, since July 2015 when Dorsey was reinstated as CEO after initially losing his position since founding the micro-blogging site, the company’s shares have fallen 6.2%, while Facebook’s have gained more than 121% during that time, Bloomberg reported. On the other hand, Twitter did report quarterly earnings above USD 1 billion recently for the very first time.

4) Dorsey also doubles as the CEO of payments startup Square Inc, which too he founded. Which makes him a target of criticism whenever Twitter performs poorly.

5) What’s more his intend to work in Africa for a part of the year in addition has not been received well by investors. In the end, Dorsey lost his seat as CEO after founding Twitter in 2008 for allegedly having spent time on other woke pursuits such as for example yoga and fashion.

Bloomberg, which broke the news, and The Guardian reported that they sought comment from Elliot and Twitter but received no response.