A billionaire investor may want Jack Dorsey out from Twitter. But some of Dorsey's employees—and another high-profile tech billionaire—don't seem to share that sentiment.
... [+]A billionaire investor is calling for Jack Dorsey to step down from Twitter’s CEO role. Twitter’s employees don’t seem to agree. Or at least a vocal group on the company’s own platform do not.that hedge funder Paul Singer has taken a position in the firm and wants Dorsey to turn over the top job. Singer also wants four board seats.
Then a billionaire who has also fended off his own share of outside attacks took to Twitter to offer his support for Dorsey, too.How’d we get here? Twitter’s stock price has been virtually flat over the last two years and far from its 2014 highs. And a stale share price is a good opportunity for an activist investor like Singer to come in and try to shake things up. Twitter’s shares did go up 7.9% Monday, the first trading day since news Singer’s investment became public.
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