News Twitter is now partially owned by Elliott Management. They're trying for a hostile takeover.

[FrothySolutions]

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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.

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

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.wsj.com

Elliott Management Calls on Twitter to Remove Jack Dorsey as CEO

Elliott Management Corp., the $40 billion multistrategy hedge fund firm best known as an aggressive activist investor, has taken a large stake in Twitter and is pressuring the company to oust chief executive Jack Dorsey, according to a person familiar with the investment.

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.

 

[Deleted member 22466]

Twitter is for normoids.

 

[TheBasedCel]

I have twitter

 

[FrothySolutions]

Twitter is for normoids.

Twitter is about to be for someone else soon.

 

[FinnCel]

Not Elliot Rodger?

 

[Deleted member 22907]

Not Elliot Rodger?

Imma head out

 

[mNFwTJ3wz9]

Based Billionaires

 

[FrothySolutions]

What will become of the k-pop fancams?

 

[Deleted member 24081]

Soys on suicidewatch

 

[AlexanderTheGreat11]

I see

 

[nazianime]

Soys on suicidewatch

Yes, Can't wait till their "sekrit klub house" is destroyed. Good idea on the billionaires to play peasants against each other.

 

[solblue]

I guess they really didn’t like his rules on political advertising. I think Twitter will go the way of FB if they replace Dorsey with a puppet. People will think it’s an uncool old guy propaganda machine at that point

 

[Deleted member 4999]

ER taking over

 

[FrothySolutions]

I guess they really didn’t like his rules on political advertising. I think Twitter will go the way of FB if they replace Dorsey with a puppet. People will think it’s an uncool old guy propaganda machine at that point

Reminds me of what happened with Tumblr. When Tumblr took down all the porn, Tumblr lost its place in Internet relevance. But not only that, a new thing didn't really pop up to replace Tumblr. New things have tried, but they haven't and probably will never rise to Tumblr's old prominence.

What happened is that people from Tumblr moved to a pre-existing big thing. That big thing was Twitter. If Twitter becomes uncool to use, where will people go? With no Tumblr and no Twitter?

 

[RandomGuy]

Based Billionaires

 

[solblue]

What happened is that people from Tumblr moved to a pre-existing big thing. That big thing was Twitter. If Twitter becomes uncool to use, where will people go? With no Tumblr and no Twitter?

That's a good point and I'm unsure of the answer. Maybe Facebook will rebrand or launch a new service to compete with Twitter when it wanes. Perhaps people might even spend less time on social media in general. I do find it interesting Twitter has basically no competitors for that format when virtually every other platform does.

 

[ItsOver4cel]

Twitter is for normoids.

 

[Kurt Gödel]

ER taking over

 

[Yerberito]

I see

 

[Numb]

ban all bluepillers tbh