× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Billionaire Paul Singer buys stake in Twitter, seeks to oust Jack Dorsey

BUSINESS
By Reuters | March 2nd 2020
Twitter CEO Jack Dorsey arrives at the "Tech for Good" Summit in Paris, France. [Reuters]

Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company’s chief executive Jack Dorsey (pictured).

Twitter is one of the few US technology companies headed, but not controlled, by one of its founders.

It has given shareholders equal voting rights, making Mr Dorsey, who owns only about two per cent of the company, vulnerable to a challenge from an activist investor such as Elliott.

Share this story
January diaspora inflows rise 4pc to hit Sh26 billion
This compares to Sh25 billion sent by Kenyans living abroad in December last year, according to Central Bank data.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.
.
RECOMMENDED NEWS
Feedback