p
About damn time...
I’ll wait until I hear it from some other sources before I’ll believe it.
Nice. See how fast the free speech argument becomes a national crisis when libs are purged and shadow banned.
bye bye @jack
Turned around TDS guy.
This could be great news.
But why would twitter let him acquire a large stake?
You know, as much as I have traded stocks, and not that well over 30 years lol, I don’t really know how one goes about buying a large chunk of a corporation’s stock.
Just keep accumulating? Part of a deal?
but has since come onside
—
That’s a weird phrase.
As in not offside.
Does it mean “on the same side”?
Was the writer conserving alphabet?
Twitter is one of the few U.S. technology companies headed, but not controlled, by one of its founders. It has given shareholders equal voting rights, making Dorsey, who owns only about 2% of the company, vulnerable to a challenge from an activist investor such as Elliott.
https://www.reuters.com/article/us-twitter-elliott/elliott-targets-twitter-seeking-ceo-dorseys-removal-sources-idUSKBN20N04F
Buy SQ
It would be great to see of my old friend back on twitter. I tried GAB and could not adapt. not user friendly.
Let us hear a HUGE HUZZAH for Republican Billionaires who are willing to put up the cash to defeat LIEberals!
FINALLY!!
Great news...
Maybe Twitter will become reasonable. Zuckerberg has finally started to take a stand against the neo Puritan thought police.
I think the DOJ will have to take down Alphabet for antitrust. They’ve always been the worst and most dangerous.
Think Paul Ryan with money.
Wow imagine that...
Say what you want about Twitter, but it has revolutionized communication. It is the modern version of the printing press.
That would be amazing.
Jack is a POS full-blown weirdo.
Elliott Management wants to oust Dorsey as Twitter CEO: Bloomberg
Published: Feb 29, 2020
RACHEL KONING BEALS
NEWS EDITOR
MarketWatch
Activist investor Elliott Management is seeking to replace Twitter TWTR, +0.58% CEO Jack Dorsey, Bloomberg News reported late Friday. The $40.2 billion hedge fund run by Paul Singer has taken a large stake in the social-media company and wants major changes, people familiar with the matter reportedly told the news outlet. Twitter declined to comment on the report when reached by MarketWatch. According to Bloomberg News, Elliott Management has nominated four directors to Twitter’s board. Dorsey has been scrutinized for running two publicly traded companies simultaneously: Twitter and the payments processor Square SQ, +5.07%. Twitter shares did gain about 7% in after-hours trading Friday. The stock is up 3.5% in the year to date and more than 8% over the past year.
Twitter was at a high of 39.22 on Feb 6th, but has been dropping since Feb 21. Closed on Friday at 33.20, $19 cents above Thursday’s close.
At $33.20 it is an accessible stock. Meaning you can buy 100 shares $3,320 vs Microsoft at $162 per share of $16,200 for 100 shares.