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

FAN Editor

Paul Singer

David A. Grogan | CNBC

Elliott Management founder and billionaire investor Paul Singer is seeking to replace Twitter CEO Jack Dorsey, a person familiar with the matter told CNBC Friday.

Bloomberg first reported the story on Friday.

Twitter did not immediately respond to a request for comment from CNBC.

Elliott is pushing for Dorsey’s removal in part because his attention is split between running both Twitter and Square, and Dorsey’s desire to move to Africa, the person said. Dorsey is the only CEO of two public companies with market valuations of more than $5 billion.

Twitter was up more than 7% after hours.

Free America Network Articles

Leave a Reply

Next Post

Trump says he hopes the Fed gets involved 'soon' to combat market sell-off from coronavirus

President Donald Trump leaned on the Federal Reserve for help to deal with ramifications from the coronavirus impact on the stock market and the economy. “I hope the Fed gets involved, and I hope they get involved soon,” Trump said during a scrum with reporters late Friday afternoon, nearly an […]