February 27, 2024

Buterin and Musk stood up for the head of Twitter and supporter of bitcoin Jack Dorsey

Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk supported Twitter CEO Jack Dorsey, who facedthreat of dismissal.

Musk succinctly noted that his sympathy is on the side of Jack [Dorsey].

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Buterin expressed doubts that the manager appointed by the hedge fund will cope with CEO responsibilities better than Jack Dorsey. Ethereum creator added the hashtag #StandWithJack.

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The comments came after Paul Singer, the founder of Elliott Management, acquired a 4% stake in the social network and received the right to nominate four of the seven board members.

As Forklog reported, Singer expressed a desirefire Dorsey. The activist investor believes that Twitter CEO does not devote the necessary time to the development of the social network, focusing more on the work of the Square payment service.

At Forbes, potential Twitter CEO resignationconsidered a positive development for the cryptocurrency industry, as it will give Jack Dorsey more time to develop Square Crypto, Square's cryptocurrency division.