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Sources: Elliott Management has taken a “sizable” stake in Twitter, nominated four directors to Twitter's board, and seeks to replace CEO Jack Dorsey

the corporate right —is taking over everything. Wow. Singer's Elliott Seeks to Replace Twitter CEO Dorsey https://www.bloomberg.com/... Isn't Singer the one who started the Steele Dossier for either Cruz or Rubio..? @business : Twitter has been a potential target for activist investors for years. The company only has one class of stock, which means co-founder Jack Dorsey doesn't have voting control of the company https://www.bloomberg.com/... https://twitter.com/... @jasonlk : ah terrific https://twitter.com/... @jmgrygiel : Well, this would be something, especially if it happens before the election. Singer is not only an activist investor, he is an activist. He was instrumental in complementing same-sex marriage in NYS (along w Bloomberg). https://www.cnbc.com/... Felix Salmon / @felixsalmon : It would be so amazing if this headline was literally true and Paul Singer was putting himself forward as the next CEO of Twitter https://twitter.com/... Scott Deveau / @scottdeveau : Friday Scoop: Singer's Elliott Is Said to Seek to Replace Twitter CEO Dorsey; Nominated Four Directors. Scoop w @EdHammondNY on @TheTerminal

Bloomberg

Discussion

  • @seldo Laurie Voss on x
    I often think replacing a CEO is a nonsense move that doesn't really fix the underlying problems in a company but in Twitter's case I do think Dorsey is a big part of the problem. https://www.bloomberg.com/...
  • @travisdevitt Travis Devitt on x
    YESSSSSS Elliott / Singer maybe the PERFECT hard-nosed team for this activist fight. Time to cut the overpaid deadweights & egregious stock comp, improve the ads, accelerate product velocity, monetize new avenues, etc I want to see what $TWTR can truly become! LFG 💪 https://twitt…
  • @politicswolf Stephen Wolf on x
    So it could get worse than Twitter currently coddling white supremacists, misogynists, & those spreading disinformation ... https://twitter.com/...
  • @justglew Geoff Lewis on x
    Activist investors and armchair pundits are alike in that they financially benefit from weaving negative narratives without ever building anything themselves. https://twitter.com/...
  • @alexanderchee Alexander Chee on x
    How much worse could it get, you wondered. https://twitter.com/...
  • @carnage4life Dare Obasanjo on x
    Another example of how Republican leaning billionaires seek to control the narrative by owning media (Fox News, Breitbart, Sinclair, etc) & think tanks (Koch's) while liberal billionaires reinforce the status quo by investing relatively small funds on charities vs driving change.…
  • @garrytan @garrytan on x
    This is actually why @ericries founded @ltse The world is awash with capital seeking yield and short term activists turn every asset into a commodity to be strip mined and flipped Long term share vesting gives safety against overnight takeovers https://twitter.com/...
  • @mylesudland Myles Udland on x
    Elliott is gonna push out Jack from Twitter, force AT&T to spin out CNN, and then combine them https://www.cnbc.com/...
  • @hedgemind @hedgemind on x
    $TWTR Paul Singer's Elliot Managements, an $67B+ AUM hedge funds, seeks to replace Jack Dorsey, Twitter's CEO/founder as @CNBC reported. Paul Singer's fund reported no twitter position as of 12/31, which means they most likely have acquired a stake YTD. https://www.cnbc.com/...
  • @jm77 Jason Murray on x
    Some people will play the long game to get Twitter to add an edit button. https://twitter.com/...
  • @seyitaylor @seyitaylor on x
    I'm sorry what?! https://twitter.com/...
  • @planefag @planefag on x
    Welp, that's that. Good knowing you guys. https://twitter.com/...
  • @lianabaker Liana B. Baker on x
    Elliott's targets of late have been getting more and more famous and consumer facing: EBAY, AT&T, Softbank and now Twitter. Great one @scottdeveau @EdHammondNY @BloombergDeals https://twitter.com/...
  • @jackhutton Jack Hutton on x
    The far right —the corporate right —is taking over everything. Wow. Singer's Elliott Seeks to Replace Twitter CEO Dorsey https://www.bloomberg.com/... Isn't Singer the one who started the Steele Dossier for either Cruz or Rubio..?
  • @business @business on x
    Twitter has been a potential target for activist investors for years. The company only has one class of stock, which means co-founder Jack Dorsey doesn't have voting control of the company https://www.bloomberg.com/... https://twitter.com/...
  • @jasonlk @jasonlk on x
    ah terrific https://twitter.com/...
  • @jmgrygiel @jmgrygiel on x
    Well, this would be something, especially if it happens before the election. Singer is not only an activist investor, he is an activist. He was instrumental in complementing same-sex marriage in NYS (along w Bloomberg). https://www.cnbc.com/...
  • @felixsalmon Felix Salmon on x
    It would be so amazing if this headline was literally true and Paul Singer was putting himself forward as the next CEO of Twitter https://twitter.com/...
  • @scottdeveau Scott Deveau on x
    Friday Scoop: Singer's Elliott Is Said to Seek to Replace Twitter CEO Dorsey; Nominated Four Directors. Scoop w @EdHammondNY on @TheTerminal