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Twitter Surges After Activists Seek to Replace CEO Dorsey

Elliott, Twitter executives met in San Francisco on Friday
CEO’s time is split between running Twitter and Square Inc.

Elliott Seeking to Remove Dorsey Is 'Head-Scratcher,' Kai Liekefett Says

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By Scott Deveau, Ed Hammond, and Kurt Wagner

March 2, 2020 at 4:12 AM UTC

Updated on

March 2, 2020 at 2:41 PM UTC

This article is for subscribers only.

Twitter Inc. shares rose Monday after Bloomberg reported that an activist investor has built a sizable stake in the social media company and is pushing for changes, including possibly replacing co-founder and Chief Executive Officer Jack Dorsey.

The stock climbed 7.7% in New York to $35.75. They had gained only 3.6% this year through Friday before news of the activist interest emerged.