Activist investors want to crank up the Twitter revenue machine
https://techcrunch.com/2020/03/02/activist-investors-want-to-crank-up-the-twitter-revenue-machine/
When Elliott Management, a New York investment firm with an activist approach, sets its sights on a company, it usually means it has been under-performing, and it sees a ton of unmet potential. News broke on Friday that the company had bought a substantial stake in Twitter and was seeking board seats.
Sources have confirmed this information and say the stake is in the 4-5% range. The company is looking to take three or four board seats and wants to implement big changes, including, as reported, replacing Jack Dorsey as CEO.
Activist investors want to crank up the Twitter revenue machine
Mar 2, 2020, 6:14pm UTC
https://techcrunch.com/2020/03/02/activist-investors-want-to-crank-up-the-twitter-revenue-machine/
> When Elliott Management, a New York investment firm with an activist approach, sets its sights on a company, it usually means it has been under-performing, and it sees a ton of unmet potential. News broke on Friday that the company had bought a substantial stake in Twitter and was seeking board seats.
> Sources have confirmed this information and say the stake is in the 4-5% range. The company is looking to take three or four board seats and wants to implement big changes, including, as reported, replacing Jack Dorsey as CEO.