“It think this is laudable… the issue is he’s also CEO of 2 companies.” Here’s why Recode co-founder Kara Swisher doesn’t think the timing is right for Jack Dorsey to move to Africa.
"I can see products like Square's merchant working capital, and the ability to purchase bitcoin and do fractional investing, having significant applicability in Africa," Ellis told CNBC. "Someone still has to 'mind the store' at home, though."
Still, investors will likely question how Dorsey will manage the day-to-day operations of Square while he is traveling. Ellis thinks he would likely need to name an interim president or COO of Square. It's not clear who is the heir apparent and Square declined to comment on the move beyond Dorsey's tweet.. The company has leaned into cryptocurrency, launching a dedicated crypto division of Square earlier this year.For Twitter, the timing could be tough. The U.S.
"He should either be a CEO or should be a world traveler — but don't think the two mesh together well," Pachter said.
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