The CEO of both Twitter (NYSE: TWTR) and Square (NYSE: SQ) is heading into a potential proxy fight with Twitter activist shareholder Elliott Management, which bought up roughly 4% of Twitter and wants Dorsey to commit his full attention to Twitter or leave altogether, the New York Times reports. Dorsey seems to have three options, all of which can potentially affect Twitter's 4,900 full-time employees, Square's 3,835 employees and thousands of investors for both companies. Although Twitter has been profitable, Wall Street has criticized the company for a lack of new product offerings. Read More...
Three ways the Jack Dorsey-Elliott Management saga could play out
The CEO of both Twitter (NYSE: TWTR) and Square (NYSE: SQ) is heading into a potential proxy fight with Twitter activist shareholder Elliott Management, which bought up roughly 4% of Twitter and wants Dorsey to commit his full attention to Twitter or leave altogether, the New York Times reports. Dorsey seems to have three options, all of which can potentially affect Twitter’s 4,900 full-time employees, Square’s 3,835 employees and thousands of investors for both companies. Although Twitter has been profitable, Wall Street has criticized the company for a lack of new product offerings.
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