Twitter CEO and Bitcoin supporter pushed out

Credit: Capture Square YT

According to people familiar with the matter, Elliott Management, a fund that has a significant stake in Twitter, pressured to oust Jack dorsey, the CEO-founder of the social network.

Anonymous sources cited by Bloomberg report thatElliott Management wishes to make changes within the management of Twitter and in particular replace Jack dorsey.

Founded by businessman Paul Singer, the powerful American investment fund would criticize the founder for being "divided" between Twitter and Square, a fintech that he also founded, as well as wanting to from 6 months in Africa.

The New York-based firm has appointed four directors to the board of directors of Twitter. There are only three seats available at this year's annual meeting, but Elliott wanted to make sure there are enough directors to fill the three seats or any other vacancies, "said the sources.

The exact size of the stakeElliott Management in Twitter could not be determined.

An executive also pro Bitcoin

Via Square, Dorsey offers the possibility of buying and selling Bitcoin. The 43-year-old American entrepreneur also created Square Crypto, a subsidiary dedicated to the development of the first cryptocurrency on the market. Last month, a hashtag dedicated to Bitcoin was also making its appearance on the social network.