Hedge fund Elliott Management Corp., an activist investor group, has bought a large stake in Twitter in a bid to bring about changes in the social media platform, and the group wants to start with replacing the CEO Jack Dorsey, report sources.
Three of the company’s eight-member board seats are up for elections, and the Paul Singer founded Elliott Management group is looking to fill all three and possibly extend it to four even if any future vacancies arise. It is not clear how big a stake does Elliot Corp have on Twitter and who the...
