Twitter was left without its founder Jack Dorsey

On November 29, 2021, the American television channel CNBC announced the departure of its founder Jack Dorsey from the post of Twitter CEO. The news led to a spike in Twitter share prices (up 11%). Then, after a few hours, the share price returned to its previous price. What happened and why, let the financiers wonder. The very fact of Jack Dorsey's departure from office is important here.

Twitter without a founder - another social network problem

 

The crux of the problem is that Jack Dorsey was already fired in 2008. The board of directors made this decision against the will of the founder. And it all ended very badly. By 2015, the social network Twitter had lost its fans, leading to a financial crisis for the company.

On the crest of all these problems, Jack Dorsey returned to the company. Which, by 2018, returned Twitter to the ranking of the best social networks for users and businesses. Apparently, someone in the company decided again that they could do it without a founder.

 

By the way, Jack Dorsey is the most famous supporter of Bitcoin and cryptocurrencies. It is he who promotes the opinion that the digital currency, in the future, will become the same for the whole world and rid the whole World of paper banknotes.

Many have compared Jack Dorsey to Elon Musk, who supports this theory. Only, unlike Musk, Dorsey does not give out conflicting advice to readers. Elon, then calls to buy bitcoin, then urgently sell. In this regard, the founder of Twitter is of the same opinion: cryptocurrency is the future of the entire population of the Earth.