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Jack Dorsey - Portrait News

Jack Dorsey

Photo Credit: Vox

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