FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at the WSJD Live conference in Laguna Beach, California, USA, on 25 October 2016. REUTERS/Mike Blake/File Photo
NEW YORK (Reuters) – Activist hedge fund Elliott Management, has a stake in Twitter inc’s (TWTR.(N), and has been pushing for the change, a person familiar with the matter said on Friday.
Founded by billionaire Paul Singer, a New York-based Elliott has become one of the world’s largest and most activist investors pushing for change at the world’s leading companies to improve operations and ultimately the trading price of the shares.
In after-hours trading, the price of the shares of the microblogging and social networking service jumped 7.7% to $33.20.
CNBC has reported that She is looking for from Twitter CEO Jack Dorsey, who is also the CEO of Square, SQ.(N). Dorsey is the only person who has been the chief executive officer of two publicly traded companies.
A call to The Twitter and the comment were not immediately returned.
Reporting by Svea Herbst-Bayliss; Editing by Sandra Maler