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Jack Dorsey's planned move to Africa divides Square and Twitter investors

“It think this is laudable… the issue is he’s also CEO of 2 companies.” Here’s why Recode co-founder Kara Swisher doesn’t think the timing is right for Jack Dorsey to move to Africa.

3.12.2019

“It think this is laudable… the issue is he’s also CEO of 2 companies.” Here’s why Recode co-founder Kara Swisher doesn’t think the timing is right for Jack Dorsey to move to Africa.

Payment analysts say the opportunity for Square could be tremendous, but they question who will run daily operations. For Twitter, it comes in an election year in which social media companies will likely face increased scrutiny.

"This could provide them with a strong perspective on Africa, and a first-mover advantage in a market that will likely be very dominant in payments over the next decades," Dolev said. "I don't see any issues, only opportunities."

. The company has leaned into cryptocurrency, launching a dedicated crypto division of Square earlier this year.

"The Africa tweet raises eyebrows for investors as Dorsey is the CEO and visionary for Twitter at a time the company needs him at the helm," Ives said. "Dorsey has proven he can handle being CEO of two public companies which is a feat in itself, but investors are focused on Twitter further monetizing its advertising platform at a pivotal juncture which will make

"He should either be a CEO or should be a world traveler — but don't think the two mesh together well," Pachter said.

Sonnenfeld pointed to former Apple CEO Steve Jobs, who took a couple long leaves for health reasons, but put then-COO Tim Cook in charge during his absence.

Read more: CNBC

Most things in life don't come with perfect timing. Years from now jack may say, 'glad I went when I did', yada yada.. Bring some + changes for the people of Africa, jack. [weird to hear people refer to Africa as 'The Continent' still, lol]

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