Twitter CEO Jack Dorsey Under Pressure from New Mega-Donor: Business Casual

 

Twitter CEO Jack Dorsey has come under fire from a new stakeholder in recent weeks, as Paul Singer of Elliott Management who now owns between 4% and 5% of the social media site, have been vocal in his opposition to the longtime Twitter king.

Singer is a major GOP political contributor and venture capitalist, and his track record of influencing change at companies he’s invested in is no list of unknowns – the likes of eBay and AT&T have seen shifts as a result of Singer’s heavy hand.

To date, Elliott Management’s complaints regarding Dorsey center around a 6.2% fall since mid-2015 and a lack of innovation compared to other platforms. While Dorsey has tried to address some of these complaints with counterarguments centered around Twitter’s role in elections, the rebuilding of its core ad server, a total refocusing of Twitter’s leadership, and more, will it be enough?

Voice of B2B Daniel Litwin and host Tyler Kern discussed on this snippet from Business Casual.

“I think people’s minds are in the wrong place, and it’s a mentality that’s hard to escape when your sole mentality is, ‘How are we going to recoup investments from our shareholders?’ That’s not going to really foster … an egalitarian platform for discussion,” Litwin said.

Click here to catch up on all the most consequential B2B news and takes on Business Casual!

For the latest news, videos, and podcasts in the Sports & Entertainment Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

gpu deployment
Applied Digital is Scaling Up Infrastructure to Handle Growing GPU Deployment Needs
May 20, 2024

During a transformative period, Applied Digital experienced a significant increase in demand for large-scale GPU deployment. This demand required a focus on power density, as the networking within data centers, particularly for InfiniBand, necessitated that servers be located close together. Each server consumed 10.2 kilowatts of power, and the optimal performance was achieved when…

Read More
power sources
Applied Digital is Revolutionizing High Performance Computing by Locating Facilities at Unique Power Sources
May 20, 2024

Applied Digital optimizes high-performance computing by leveraging unique power sources, and locating facilities at the source of power rather than in traditional cloud regions. This approach is particularly suited for AI workloads, which do not require ultra-low latency like video streaming. By targeting areas with abundant but underutilized power, known as “stranded power,” the…

Read More
Experts Talk K-12 EdTech Leadership Priorities
K-12 EdTech Leadership Needs a Bigger Seat at the Table to Overcome Cybersecurity, Staffing, Professional Development Challenges
May 20, 2024

As we navigate the evolving landscape of K-12 education, the role of technology, as well as K-12 edtech leadership has never been more pivotal. Especially in the era of K-12 education post-pandemic, how has this influx of technology solutions for everything from curriculum management, to hybrid learning, to quiz gamification, to AI-supported learning, impacted…

Read More
energy reporting
Energy Reporting for Utilities & Businesses Isn’t Just for Transparency. It’s for Energy & Cost Savings, Too.
May 20, 2024

As cities and states increasingly implement energy benchmarking, disclosure, and transparency mandates, utilities and businesses find themselves navigating a complex landscape of compliance and opportunity. The rise of building performance standards, such as New York’s Local Law 97, Boston’s Building Energy Reporting and Disclosure Ordinance (BERDO), and Denver’s Energize Denver, underscores the urgency for detailed…

Read More