Twitter’s new stakeholder reportedly wants to remove CEO Jack Dorsey
Twitter CEO Jack Dorsey‘s job at the microblogging platform is reportedly at risk, as Elliott Management, a new major stakeholder in the company is looking to have him replaced, according to Bloomberg.
The $40 billion hedge fund, which is a major activist investor (the kind of investor that acquires a stake in a company in order to influence its direction in business) led by billionaire Paul Singer, isn’t keen on Dorsey serving as CEO at both Twitter and Square simultaneously.
Source: TNW