Elliott Management’s Paul Singer seeks to replace Twitter CEO Jack Dorsey, source says

Paul Singer

David A. Grogan | CNBC

Elliott Management founder and billionaire trader Paul Singer is seeking to exchange Twitter CEO Jack Dorsey, a particular person acquainted with the make any difference told CNBC Friday.

Bloomberg very first claimed the story on Friday.

Twitter did not straight away react to a ask for for comment from CNBC.

Elliott is pushing for Dorsey’s removal in element for the reason that his awareness is break up among running each Twitter and Sq., and Dorsey’s drive to shift to Africa, the individual explained. Dorsey is the only CEO of two community firms with marketplace valuations of additional than $5 billion.

Twitter was up extra than 7% after hrs.

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