Twitter is being targeted by an activist shareholder seeking to replace Jack Dorsey [CNNMoney.com]
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Source: CNNMoney.com
Twitter is being targeted by an activist shareholder seeking to replace Jack Dorsey New York (CNN Business) Hedge fund Elliott Management Corp. has obtained a large stake in Twitter and is advocating for changes, including possibly replacing CEO Jack Dorsey, a source familiar with the matter confirmed to CNN Business. Bloomberg was the first to report the news, which was then confirmed by Reuters . Elliott has nominated four directors to Twitter's board in an attempt to fill three vacant seats at this year's annual meeting, according to sources. The New York-based firm, founded by billionaire Paul Singer, is also having "constructive discussions" with Twitter ( TWTR ) , the source said. Twitter and Elliott Management declined to comment. It's not cle
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