Mega GOP Donor Paul Singer Buys a Large Stake in Twitter, Seeks to Replace Jack Dorsey: Report

A Republican donor reportedly purchased a major stake in Twitter with the intention of pushing out CEO Jack Dorsey, who the billionaire says is too distracted with other ventures.

Activist investor Elliott Management wants to make changes at the social media company, the Bloomberg News report noted Friday, citing sources familiar with the matter. Paul Singer, the billionaire behind Elliott, once opposed President Donald Trump’s campaign but has since grown more supportive.

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