https://wccftech.com/twitter-7-percent-jump-elliot-dorsey/

Following the week's close on Friday, and in the aftermath of the bloodbath wreaked by the coronavirus on stock markets, reports surfaced that Twitter (NYSE:TWTR) and Square Inc C.E.O. Jack Dorsey was facing threats to his role from activist investor Elliot Management. Mr. Dorsey, who heads to companies has also announced plans to spend a big chunk of his time each year outside the United States - a move that will not only complicate his day-to-day responsibilities as the head of two companies but also sow worry among investors.

Elliot, it seems, is eager to resolve these concerns as soon as it can. The firm has acquired a $1 billion stake in Twitter reports The Wall Street Journal. Additionally, the investment firm has also nominated four directors to Twitter's board, and following this flurry of activity, shares of Twitter Inc have opened 8% higher today as markets hope to recover from Friday's drops.