An activist investor known as a major Republican political supporter wants to wrest control of Twitter from co-founder and CEO Jack Dorsey, US media reported Friday.
Elliott Management, founded by billionaire Paul Singer, has acquired a stake in the social media firm and wants to remove Dorsey, CNBC said, citing an unnamed source.
The firm pushed for the change stating that Dorsey’s attention is divided between running Twitter and his financial transactions startup Square, and that Dorsey intends to live part of each year in Africa.
Twitter early this month reported that it added millions of new users and boosted ad revenue in the fourth quarter, sparking optimism over its growth prospects.
Dorsey said during an earnings call that the results capped “a great year for Twitter” and that Twitter has been able to boost users by making the service “more instantly relevant.”
“This is an incredibly strong foundation to build upon,” he told analysts.
The latest report suggested Twitter is making headway as it seeks to keep pace with bigger social networks like Facebook and Instagram while it works to filter out abuse and manipulation.
Twitter will have growth opportunities this year from the 2020 US elections and Olympic Games.
The platform has been seeking to expand its user base beyond celebrities, journalists and politicians.
Dorsey has stressed that a priority for Twitter is to “increase healthy public conversation” by rooting out inappropriate content and misinformation.
Despite his plans to spend part of the year living in Africa, Dorsey said he won’t be hampered by his travel.
“We do need to figure out how to build a company that is distributed, that is not burdened by time zones but advantaged by them,” he said.
Alan Dershowitz trends nationwide with harsh criticism for ‘defending Ghislaine Maxwell’
Harvard Law School Professor Emeritus Alan Dershowitz was roasted on Friday after writing a column the day after the arrest of Ghislaine Maxwell.
The article, published by the right-wing website Spectator USA, was titled, "The Ghislaine Maxwell I know."
The Daily Beast characterized the column as "an impassioned defense of the British socialite that seemed to suggest he’s rooting for her."
‘Peter Navarro is a lunatic’: Trump advisor roasted for ‘insane’ MSNBC interview
White House advisor Peter Navarro was roasted on Friday after a bizarre interview on MSNBC where he pushed multiple conspiracy theories about the COVID-19 pandemic while attempting to deflect blame from the president.
Navarro serves as the director of trade and manufacturing policy and the National Defense Production Act policy coordinator.
Here's some of what people were saying about Navarro's interview with Ali Velshi:
Trump impersonator hilariously previews the president’s Mount Rushmore speech
On Friday, musician and Trump impersonator J-L Cauvin posted a video satirically previewing the president's Independence Day speech at Mount Rushmore.
"The Democrats want you to wear masks, but we don't need masks," said Cauvin, impersonating Trump's New York accent. "Everybody's feeling great — stop coughing! Everybody's feeling great. So healthy. Such great health."
"Democrats want to kill you and silence you," he continued.
He then delivered a parody rant against removing statues, which sources report Trump will make a central point of his speech. "Thomas Jefferson, that's another one they hate. Everyone makes mistakes, but he had African-American girlfriends!"