Monday, 9 March 2020
Jack Dorsey‘s reign as Twitter‘s CEO will continue, thanks to a new billion-dollar deal signed by the social media giant and two major investment firms. The move will see tech-focused fund Silver Lake invest $1 billion in Twitter directly, while Elliott Management enters a “co-operation agreement” with Twitter to be disclosed at a later date. Twitter will then use that money as part of a $2 billion share repurchase scheme, according to the related press release. Execs from both Silver Lake and Elliott Management will also be awarded seats on Twitter‘s board of directors. [Read: Trump’s retweet with doctored Biden video…
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