In November 2019, during Twitter’s visit to Nigeria and other African countries, led
by Jack Dorsey, Twitter and Square CEO, Dorsey revealed his plan to spend six months in an African country in 2020.
The latest development, however, is that he has decided to bar this intention from his plans. Alternatively, the entrepreneur would continue to pursue opportunities on the continent without having to stay. One of the reasons for this decision turned out to be what is responsible for the recent multiple cancellations of major global events.
The Twitter boss revealed in a tweet that this was necessary because of COVID-19 ‘and everything else going on.’
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Africa will be one of the most populated continents in the next 20-30 yrs, the tech innovation is incredible w/ a large portion of the population still coming onto the internet. Huge opportunity especially for young people to join Twitter + for us to learn to best serve them.
I had been working on my plans where I’d work decentralized, as my team and I do when we travel, 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.
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And ‘everything else’ could mean the recent pressure generated when major investor, Elliot Management reportedly pushed for his replacement.
This is suspected to have resulted from claims that running two tech startups and his plans to stay in Africa for half of the year are distractions that have and could further disturb him from giving his all to the profitable running of Twitter.
Dorsey, however, apologised through a tweet for not making his aim for the short stay in Africa clear enough.
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.
See Twitter Investor Relations's other Tweets
According to him, Africa has high prospects in terms of population and tech innovations. He envisaged his stay to be a way to be close to the young talented minds on the continent and also learn ways to serve them better.
But as the case is, it appears this is not happening any more.
Notwithstanding, there are other concerns about the drooping value of Twitter’s shares compared to what it was when Jack Dorsey returned as CEO in 2015.
But in his opinion, what matters most is relevance, which may not be currently visible. But he claims changes are happening.
...Focusing on one job and increasing accountability has made a huge difference for us. One of our core jobs is to keep people informed. We want to be a service that people turn to... to see what’s happening, to be a credible source that people learn from.
Some people talk about the slow pace of development at Twitter. The expectation is to see surface level changes, but the most impactful changes are happening below the surface. I’m talking about increased relevance.
See Twitter Investor Relations's other Tweets
As the case is, his options appear to be slim, of which he would not want to take chances. While he halts his Africa plans, speculations have it that he could probably reevaluate his position as Square’s CEO while he figures out how to retain his position in Twitter.
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