(Reuters) – Elon Musk said he supported Jack Dorsey on Monday by remaining as Twitter CEO two days after news that activist investor Elliott Management Corp pushed for his removal from the role.
“I just want to (say) that I support Jack as Twitter’s CEO,” Tesla Inc billionaire CEO Twitter said http://bit.ly/2VFpo2I, using the heart emoji to say that Dorsey has a good heart .
Dorsey, 43, is one of Silicon Valley’s foremost entrepreneurs and runs Square Inc, a mobile payments company he co-founded.
Dorsey and Musk have already praised themselves on social media previously. In an event earlier this year, Dorsey asked http://bit.ly/2vxT1bq Musk, who has over 31 million Twitter followers, for advice on how to improve the platform.
Hedge fund Elliott has amassed a stake in Twitter and will try to install its nominees on the board of eight members of the social media company when three of the directors run for election, Reuters reported Friday, citing sources.
(Report by Radhika Anilkumar and Aishwarya Nair; Editing by Sriraj Kalluvila)