Elliott Management’s Paul Singer seeks to replace Twitter CEO Jack Dorsey, source says

Paul Singer

David A. Grogan | CNBC

Elliott Management founder and billionaire investor Paul Singer is in search of to exchange Twitter CEO Jack Dorsey, an individual acquainted with the matter advised CNBC Friday.

Bloomberg first reported the story on Friday.

Twitter didn’t instantly reply to a request for remark from CNBC.

Elliott is pushing for Dorsey’s elimination partly as a result of his consideration is break up between working each Twitter and Square, and Dorsey’s want to maneuver to Africa, the particular person stated. Dorsey is the one CEO of two public firms with market valuations of greater than $5 billion.

Twitter was up greater than 7% after hours.

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.