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Singer’s Elliott Seeks to Replace Twitter CEO Dorsey

Elliott has nominated four directors for Twitter’s board
Hedge fund has had ‘constructive discussions’ with company

Illustrations Of Popular Mobile Apps And Social Media Sites — Photographer: Chris Ratcliffe/Bloomberg

By

Scott Deveau and

February 29, 2020, 12:41 AM UTCUpdated onFebruary 29, 2020, 2:03 AM UTC

Activist investor Elliott Management Corp. has taken a sizable stake in Twitter Inc. and plans to push for changes at the social media company, including replacing Chief Executive Officer Jack Dorsey, according to people familiar with the matter.

The New York-based firm has nominated four directors to Twitter’s board, said the people, who asked to not be identified because the matter isn’t public.