An early Twitter investor, Saudi business magnate Al-Waleed Bin Talal, has dismissed the idea of the social media website’s interim boss Jack Dorsey becoming the next permanent chief executive, insisting that the Twitter co-founder has too many other corporate commitments.
Dorsey was named Twitter’s temporary CEO on Thursday, after current boss Dick Costolo made a surprise announcement that he would quit the top post on July 1. However, Al-Waleed has been quoted as saying, during an interview with the Financial Times, that “Jack has another company called Square which requires a lot of attention and a full-time job around there.”
Al-Waleed, who is a member of Saudi Arabia’s royal family and made his first investment in Twitter in 2011 with a payment of $300 million, was further quoted as saying “I believe and trust that Jack Dorsey is [Twitter CEO] temporarily”, adding that the website’s next permanent head needs “tech savviness, an investor-oriented process, and a marketing mentality”.