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Tuesday, March 3, 2020

The billionaire brofist!

Elon Musk lended public support to Twitter CEO Jack Dorsey who’s being pressured to step down by an activist investor. “Just want to say that I support @Jack as Twitter CEO. He has a good heart,” Musk tweeted, using a heart emoji because that’s how middle-aged billionaires communicate.
On Friday it was reported that Paul Singer, the billionaire founder of Elliott Management, took a stake in Twitter with the intent of making a number of changes at the micro-blogging platform. Elliott has a more than $1 billion stake in Twitter, according to CNBC, and has nominated four new board members.
Bloomberg reports that Twitter executives met with representatives from Elliott Management for the first time last week. Dorsey was absent, even though he was the main topic of conversation. One change Elliott hopes to make is the removal of Dorsey, who’s been accused of being inattentive to Twitter’s earnings potential as he splits his time as CEO of Square where 85 percent of his wealth resides. Elon Musk lended public support to Twitter CEO Jack Dorsey who’s being pressured to step down by an activist investor. “Just want to say that I support @Jack as Twitter CEO. He has a good heart,” Musk tweeted, using a heart emoji because that’s how middle-aged billionaires communicate.
On Friday it was reported that Paul Singer, the billionaire founder of Elliott Management, took a stake in Twitter with the intent of making a number of changes at the micro-blogging platform. Elliott has a more than $1 billion stake in Twitter, according to CNBC, and has nominated four new board members.

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