Billionaire investor, Paul Singer, is pushing for the removal of Jack Dorsey as CEO of Twitter. According to a CNBC article dated February. 28, the Elliott Direction founder and activist investor is concerned about Dorsey's time being divide between ii $5 billion-plus companies, and his want to move to Africa.

Vocaliser questions Dorsey'southward focus

The $xl.2 billion hedge fund managed by Singer took a major stake in the social media behemothic recently and has already nominated four replacement directors to Twitter's board according to reports.

Dorsey has previously faced criticism for his function equally CEO of two publicly listed companies; Twitter and Square, both of which have market valuations of over $five billion. Singer is too concerned nearly Dorsey's plan to work up to half-dozen months a year in Africa.

Square and Twitter both pro-Bitcoin

Dorsey is a long time supporter of Bitcoin and was instrumental in implementing an easy Bitcoin onramp into his company, Square's, Cash App. As Cointelegraph reported this week, a full half of Cash App's revenue now comes from Bitcoin-related acquirement.

Square has also invested in Square Crypto, a team funded by Square, tasked with improving the overall Bitcoin ecosystem. Square Crypto made a number of hires in 2022, including its first hire, Steve Lee, who clarified his position in a tweet recently:

"I don't work for Square, I piece of work for Bitcoin. Square pays me so I tin spend all my time and energy working on Bitcoin."