The US investor Paul Singer wants to buy his investment fund Elliott Management on Twitter. As Bloomberg and other US media reports, the company has already bought company shares to an undisclosed extent. As a result, it is already sufficient to propose four directors for three vacant positions on Twitter’s supervisory board for the next general meeting.
Job market
Ultimately, however, Singer is concerned with pushing company boss and co-founder Jack Dorsey out of the company, the reports say. The reason is that in addition to his post on Twitter, Dorsey also manages the payment service provider Square and wants to do both of these jobs three to six months a year from Africa.
British magazine The Guardian points out that Paul Singer is also one of the Republican Party’s most influential helpers in the United States. He was considered one of the main supporters of George W. Bush and later supported millions of US dollars in some of the Republican presidential candidates, including Mitt Romney and Marco Rubio.
Singer was once opposed to Donald J. Trump, now he is on the side of the current US president. Trump is known to do much of his publicity on Twitter.
It is unclear whether Paul Singer primarily pursues financial interests with his investment or wants to gain political influence. Twitter is considered a company with a lot of untapped business potential. So far, for example, it has dispensed with elements such as the stories on Instagram and Snap.
Twitter also plays a major role in politics – not only because of Trump. In October 2019, the company announced that, unlike Facebook, for example, it would forego political advertising. For this, Twitter was both praised and criticized by representatives from all camps.
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