Why Twitter’s Dorsey May Not Be Here to Stay
Twitter (NYSE: TWTR), Elliott Management, and Silver Lake have come to a deal that keeps chief executive Jack Dorsey at the helm. But with Elliott Management and Silver Lake each getting a seat on the board and with Twitter needing to meet high thresholds, Dorsey's days appear to be numbered.
Earlier this week, the microblogging website operator and the activist investor who is coming for Dorsey reached a truce. Dorsey was given a chance to prove he's up to the task of running Twitter. It won't be easy. It means increasing daily users by 20%, quickening the pace of revenue growth, and gaining a bigger share of advertisers' budgets. Achieving those goals on a good day would be tough for Dorsey, but in the wake of coronavirus, it may prove impossible.
Twitter CEO Jack Dorsey. Image source: Twitter.
Source Fool.com
