FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake/File Photo
NEW YORK (Reuters) - Activist hedge fund Elliott Management has built a stake in Twitter inc (TWTR.N) and is pushing for changes, a person familiar with the matter said on Friday.
Founded by billionaire Paul Singer, New York-based Elliott is one of the world’s biggest activist investors and pushes for changes at prominent corporations to improve operations and ultimately the share price.
In after-hours trading, the share price of the microblogging and social network service jumped 7.7% to $33.20.
CNBC reported that Elliott is seeking to push out Twitter CEO Jack Dorsey, who is also the CEO of Square (SQ.N). Dorsey is the only person who is the CEO of two publicly traded companies.
Calls to Elliott and Twitter for comment were not immediately returned.
Reporting by Svea Herbst-Bayliss; Editing by Sandra Maler
"Ceo" - Google News
February 29, 2020 at 09:37AM
https://ift.tt/389Tm1p
Elliott targets Twitter, seeking CEO Dorsey's removal: sources - Reuters
"Ceo" - Google News
https://ift.tt/37G5RC0
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update
Bagikan Berita Ini
0 Response to "Elliott targets Twitter, seeking CEO Dorsey's removal: sources - Reuters"
Post a Comment