# Major Republican Donor Seeks Ouster of Twitter's CEO

**URL:** <https://onehack.st/t/major-republican-donor-seeks-ouster-of-twitters-ceo/72151>\
**Category:** News & Articles\
**Tags:** ebook, tools, social-media\
**Created:** [March 2, 2020, 1:34pm UTC](https://onehack.st/t/major-republican-donor-seeks-ouster-of-twitters-ceo/72151 "2020-03-02T13:34:41Z")\
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**Author:** ![Aina](https://onehack.st/user_avatar/onehack.st/aina/32/167469_2.png) [@Aina](https://onehack.st/u/Aina)\
**Post date:** [March 2, 2020, 1:34pm UTC](https://onehack.st/t/major-republican-donor-seeks-ouster-of-twitters-ceo/72151/1 "2020-03-02T13:34:41Z")

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Jack Dorsey co-founded Twitter in 2006, coding up the first prototype (with the help of a contractor) when he was still in his 20s. Dorsey’s now it’s CEO – but “A major Republican donor has purchased a stake in Twitter and is reportedly seeking to oust him,” reports the Guardian.

_Bloomberg News first reported that Elliott Management has taken a “sizable stake” and “and [plans to push for changes at the social media company](https://www.theguardian.com/technology/2020/feb/29/paul-singer-elliott-management-twitter-jack-dorsey), including replacing Dorsey”. Paul Singer, the billionaire founder of Elliott Management, is a Republican mega-donor who opposed Donald Trump during the real-estate magnate’s run for the presidential nomination but has since come onside…_

 

_Elliott Management is an activist investor, which means it regularly pushes for change in companies in which it buys shares._  
Gizmodo referred to them as “[hedge fund goons](https://gizmodo.com/these-hedge-fund-goons-apparently-want-to-ditch-twitter-1841995915)”. But Reuters adds that Twitter "is one of the few U.S. technology companies headed, but [not controlled, by one of its founders](https://www.reuters.com/article/us-twitter-elliott/elliott-targets-twitter-seeking-ceo-dorseys-removal-sources-idUSKBN20N04F).

“It has given shareholders equal voting rights, making Dorsey, who owns only about 2% of the company, vulnerable to a challenge from an activist investor…”