NEW YORK (Reuters) – Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc (TWTR.N) and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday.
FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake/File Photo
Founded by billionaire Paul Singer, New York-based Elliott is one of the world’s biggest activist investors with more than $40 billion in assets under management and has targeted companies ranging from eBay to AT&T to SoftBank in the last months for improvements.
Its latest target is the microblogging and social network site and one of the hedge fund’s requests is to replace four directors, the people said.
Elliott is also aiming to remove the company’s chief executive, Jack Dorsey, who runs…
Source Reuters Tech News
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