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!

Latest

Improving Quality and Bottomline for Finishing Operations
June 30, 2022
This is another episode of Manufacturing A Stronger Standard from FABTECH 2021. Host and President of Lesta USA and Degeest Corp., Derek Degeest, talked with Bill Robinson, President and Kris Bonnegent, Regional Read more
Adapting Existing and New Wagner Solutions to Leverage Self-Learning Robots
June 30, 2022
This episode of Manufacturing A Stronger Standard was live from FABTECH 2021. Host and President of LestaUSA and DeGeest Corp., Derek DeGeest, talked with JR Rogers, National Sales Manager for Engineered Systems Read more
How to Be Your Own Healthcare Advocate
June 30, 2022
While healthcare in the United States is often the topic of a heated political debate, there is one subject within it that irks patients and healthcare practitioners alike: time. One of the biggest problems with Read more