Finance

Jack Dorsey’s move to Africa raises questions for investors

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Jack Dorsey, co-founder and chief executive officer of Twitter Inc., speaks during an interview in New York, U.S., on Monday, May 1, 2017.

Michael Nagle | Bloomberg | Getty Images

Jack Dorsey’s stated plan to move to Africa for up to six months is dividing Square and Twitter analysts.

The CEO of both companies said in a tweet last week that he plans to move to the continent for as long as six months. Payment analysts say the opportunity for Square could be tremendous, but they question who will run daily operations. For Twitter, it comes in an election year in which social media companies will likely face increased scrutiny.

Dorsey has already been in Africa for the past month, reportedly…



Source cnbc.com

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