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FrothySolutions
Post like the FBI is watching.
★★★★★
- Joined
- May 6, 2018
- Posts
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Blue checkmarks, take warning.
Elliott Management is a conservative "activist fund." Also called a "vulture capitalist." And recently they bought a big chunk of Twitter and have added four of their own to the board of directors, as a means of overruling Jack Dorsey and eventually getting him to leave.
![www.cnn.com](/proxy.php?image=https%3A%2F%2Fcdn.cnn.com%2Fcnnnext%2Fdam%2Fassets%2F191030131111-twitter-jack-dorsey-0905-file-super-tease.jpg&hash=498229e55542f907b460beabb28d043a&return_error=1)
Twitter is being targeted by an activist shareholder seeking to replace Jack Dorsey
Hedge fund Elliott Management Corp. has obtained a large stake in Twitter and is advocating for changes, including replacing CEO Jack Dorsey.
![www.cnn.com](/proxy.php?image=https%3A%2F%2Fcdn.cnn.com%2Fcnn%2F.e%2Fimg%2F3.0%2Fglobal%2Fmisc%2Fapple-touch-icon.png&hash=c4bbbe79b3f85fe29e7f81365c6d0d1b&return_error=1)
Elliott Management Nominates Four Directors to Twitter’s Board
Elliott Management has nominated four directors to the board at Twitter, setting the stage for a potential showdown between the most activist hedge fund and the influential social-media company.
![www.institutionalinvestor.com](/proxy.php?image=https%3A%2F%2Fcdn.assetmg.info%2Fdims4%2Fdefault%2F6ba874b%2F2147483647%2Fstrip%2Ftrue%2Fcrop%2F1000x563%2B0%2B52%2Fresize%2F1440x810%21%2Fquality%2F90%2F%3Furl%3Dhttps%253A%252F%252Fk2-prod-in-investor-prod.s3.us-east-1.amazonaws.com%252Fbrightspot%252F85%252F4a%252Fbcb1b4a1b41fe255564edc5a5934%252Ftwitter-elliott.jpg&hash=3ced10a48a0e97882deeffe31bb5485f&return_error=1)
Elliott Management Calls on Twitter to Remove Jack Dorsey as CEO
The activist investor has taken an undisclosed stake in the company and is pressing for change.
www.institutionalinvestor.com
So is this the end of Twitter as we know it? Probably. But this might be the beginning of a larger billionaire activism war. "Oh, you bought Twitter? You can just do that? Well we'll buy some other thing, so we can promote liberal views." If Michael Bloomberg can buy a presidency, and Elliott Management can buy a platform, the time might be coming for money to talk. Prepare for the death of Twitter, and a war to be fought in its name.