Twitter Gets $1 Billion Investment That Will Keep Jack Dorsey As CEO

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Twitter announced today that it will accept a $1 billion infusion from a tech investment firm in a bid to keep on CEO Jack Dorsey after activist investor Elliot Management tried to push him out

A co-CEO of Silver Lake, Egon Durban and Elliot Management partner Jesse Cohn will take seats on Twitter’s board and on a special temporary board committee to monitor Twitter’s management structure.Key background:

It’s not the first time Dorsey has faced a coup. He was fired by Twitter in 2008, only to be hired again in 2015. In 2016, he survived an acquisition attempt by Salesforce.Elliot Management wanted to push him out, according toSince Dorsey returned to Twitter in 2015, growth has been slow; share prices then were $36, and on Friday, five years later, they were priced at $33, the

 

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Twitter got friends w/big money

jack is absolute garbage

good. we can't let that Trump minion take over twitter

BeautyBind Which tool of resurgent fascism will we get? Stay tuned!

Poor Jack!

BitHades

Great notice

So no plans to become profitable just keep raising money? This seems strange. Why infuse money for the sole purpose of trying to keep him as CEO? What magical power does he have that makes Twitter so special? It pretty much runs itself now? They certainly aren’t innovating

jack is the Tupac of social media. You cant keep him down.

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