Keep a close eye on Twitter’s future. One year ago these two extremely wealthy investors, Paul Singer (Elliot Managment), and Silver Lake, threatened a hostile takeover. It was settled when Twitter was allowed to keep Dorsey on the board in return for giving a board seat to Elliot and Silver Lake, plus $1 Billion investment from them. These two investment firms promise their investors ‘high returns’ and only get in for a short time (1-2 yrs) based on stock value appreciation. I can only imagine what could be happening behind the scenes now after yesterday’s Twitter stock crash.
I’ve been pointing out that the Twitter board in early November essentially gave CEO / co-founder Jack Dorsey @Jack a performance / employee improvement plan.
It will be interesting to see if they were serious. Twitter has lost $5 billion in value since booting Trump. I can’t see how it’s possible he’s within the plan boundaries.