Bloomberg said Elliott's founder Paul Singer reportedly objects to Dorsey remaining as Twitter chief while he continues to divide his attention between it and Square Inc., the online payments company he also runs.
Musk's statement of support for Dorsey came after Elliott Management, which holds a sizable stake in Twitter, began a push to oust the company founder.
Guardiola warns Liverpool after Man City won Carabao Cup
Cup final in May. "We can't lose the hunger and not losing the appetite to not take advantage of getting another (trophy)". There was now an edge and tension to this final unlike City's 6-0 rout of Watford in the F.A.
Twitter's shares have declined by 6.2% since Dorsey, who was its founding CEO but left in 2008 after a disagreement with a co-founder, returned as CEO in July 2015.
Square and Twitter both pro-Bitcoin " I don't work for Square, I work for Bitcoin.
Elliott Management is an activist investor, which means it regularly pushes for change in companies in which it buys shares. It was claimed that Dorsey, who made different attempts, did not devote the necessary time to Twitter. Its market capitalization, at around $26 billion, is a fraction of that of rival social-media platform Fb Inc.
One of the more surprising pieces of news that emerged over the weekend was a report that one of Silicon Valley's best-known CEO's could be under threat of losing his job. Soon after, he announced via a tweet that he is moving to Africa for three to six months this year. But there are legitimate product issues and multiple missteps which Dorsey as the CEO may be responsible for. Galloway said at the time he owned about 334,000 Twitter shares. According to Financial Times, Dorsey's 13 percent stake in Square (worth $5 billion) is worth more than his 2 percent holding in Twitter (worth $500 million). His teams are used to coordinating with each other, the people said, but it can still take away from his ability to commit to either company in the way a full-time CEO might.