Jack Dorsey (founder and CEO of Twitter)
The CEO of Twitter, Jack Dorsey, allegedly, want ousted from his position by the investor. Paul Singer, the billionaire founder of Elliott Management, the activist, the financing shares of Twitter, called want stops, press the changes on Twitter.
One of the changes that can be done is to replace Dorsey, according to a Bloomberg report.
According to reports, there are four Directors nominated by Elliott Management, the Board of Directors of Twitter.
Actually, there are only three chairs of the Board of management are in the agenda of the ordinary Twitter in the year 2020, but Elliott wanted to make sure that all of the nominees for Director was filled. However, it is not known in detail how the value of Twitter shares, which is controlled by Elliott.
According to sources of Bloomberg, Elliott has Twitter related to the request, the changes it silently. The discussion was already for it.
One reason Elliott wanted to discontinue Dorsey allegedly breaking up the focus, Dorsey, the leadership of the two companies caused.
In addition to the social media of Twitter, Dorsey is also known to cause payments company called Square.
Since Dorsey’s return, is currently the CEO of Twitter, in July 2015, the value of the shares of the company fell by 6.2 percent. On the other hand, your competitors Facebook gain increase of up to 121 percent.
Want Dorsey to spend a lot of time in Africa for six months this year, the consideration of other activist Elliott investors, according to CNBC.
Of course, this news is a huge challenge for Twitter. In addition to this, social media platform logo-blue bird prior to the dissemination of information, it’s the Doc’s about the corona virus, harassment, bullying, up to the election campaign of the United States, was in front of the eyes.