Elliott Releases Statement On Leadership Change at Twitter

Rhea-AI Summary

Elliott Investment Management released a statement regarding leadership changes at Twitter (TWTR) on November 29, 2021. Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg expressed confidence in the new leadership, including incoming Chairman Bret Taylor and CEO Parag Agrawal. They highlighted Twitter's commitment to an ambitious multi-year plan aimed at increasing the company's reach and value. This transition comes after a productive collaboration with former CEO Jack Dorsey, marking a significant pivot in Twitter's strategy.

Positive

• Confidence in new leadership under Bret Taylor and Parag Agrawal.
• Ambitious multi-year plan to enhance Twitter's reach and value.

Negative

• Potential concerns about continuity with the leadership shift.

WEST PALM BEACH, Fla., Nov. 29, 2021 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter (NYSE: TWTR):

Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story. Having gotten to know both incoming Chairman Bret Taylor and incoming CEO Parag Agrawal, we are confident that they are the right leaders for Twitter at this pivotal moment for the company.

About Elliott

Elliott Investment Management L.P. manages approximately $48 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact:
Stephen Spruiell
Elliott Investment Management L.P.
(212) 478-2017
sspruiell@elliottmgmt.com 

View original content:https://www.prnewswire.com/news-releases/elliott-releases-statement-on-leadership-change-at-twitter-301433063.html

SOURCE Elliott Investment Management L.P.

FAQ

What is the significance of leadership changes at Twitter (TWTR)?

The leadership changes at Twitter, including the appointment of Bret Taylor as Chairman and Parag Agrawal as CEO, signify a strategic shift aimed at enhancing the company's growth and value.

Who are the new leaders at Twitter (TWTR)?

The new leaders at Twitter are Bret Taylor, the incoming Chairman, and Parag Agrawal, the new CEO.

What is Elliott Investment Management's role in the leadership change at Twitter (TWTR)?

Elliott Investment Management has expressed its support for the new leadership at Twitter, emphasizing their confidence in the direction of the company.

What are the expected outcomes of the new leadership at Twitter (TWTR)?

The expected outcomes include the execution of an ambitious multi-year plan aimed at dramatically increasing Twitter's reach and overall company value.