- Singer is reportedly seeking to push Dorsey out in part because of his time being divided between running Twitter and Square, as well as his stated plans to move to Africa this year.
- Twitter's stock rose more than 7% in after-hours trading following the news.
- Visit Business Insider's homepage for more stories .
ADVERTISEMENT
An activist investor is reportedly preparing a plan to oust Twitter CEO Jack Dorsey, and the stock is rising (TWTR)
Paul Singer, founder of investment firm Elliot Management is planning to oust Twitter CEO Jack Dorsey, CNBC reported on Friday.
Jack Dorsey
Paul Singer, founder of investment firm Elliott Management, is seeking the removal of Twitter CEO Jack Dorsey, CNBC reported on Friday.
CNBC reported that part of the reason Singer is looking to push Dorsey out is his attention being split between running both Twitter and financial technology company Square as CEO of both firms and because of Dorsey's stated plans to move to Africa this year .
The news was also reported by Bloomberg .
ADVERTISEMENT
Twitter's stock jumped more than 7% in after-hours trading on Friday.
Twitter declined to comment.
NOW WATCH: 8 weird robots NASA wants to send to space
See Also:
- The life and rise of Kevin Systrom, Instagram's former CEO who shocked Facebook by quitting 6 years after selling his company to Mark Zuckerberg for $1 billion
- US accuses Russia of spreading conspiracies about the Wuhan coronavirus, including that it's a CIA biological weapon
- For people choosing between the PlayStation 5 and Xbox Series X next-gen consoles, the most important factor is price
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
How to save a life by doing CPR during an emergency
How 1 woman became first lady of 2 different countries — she married 2 presidents
How parents, teachers can recognise when a child is being bullied
It's illegal to publicly celebrate your birthday in this country
Sharaf Mahama Foundation supports Ramadan ‘Iftar’ at Okaikwei Central
January 2024 allowance to NSS personnel paid
Get your glow on: Say goodbye to acne with this natural skincare remedy
It’s not true that I called NDC MPs hooligans – Dr. Ernest Addison