Previously, the actions of Twitter They rose more than 11% in pre market this Monday and then cut back to 3% after the opening of the New York Stock Exchange.
Dorsey served as CEO of the social network and Square, an online payments company. The founder of Elliot Management, a Twitter shareholder company, Paul Singer, had previously questioned the current Director of Twitter about whether he should run two public companies simultaneously, so in 2020 he asked him to resign as CEO of one of the two companies. Finally, last year an agreement had been reached.
The controversy between Elliot Management and Dorsey took place in early 2020, the hedge fund arguing that Jack was paying too little attention to Twitter while running payment processing company Square Inc. Faced with this request for resignation and pressure from the company, Dorsey defended himself by giving Elliott and his ally, the acquisition company Silver Lake Partners, positions on the Twitter board.
Source From: Ambito
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