Twitter’s CEO Jack Dorsey is not popular with a wealthy investor, who is allegedly seeking to make changes at the company.
Elliott Management Corp., an investment company run by prominent Republican billionaire Paul Singer, has taken a stake in Twitter, in a story published by Bloomberg News on Feb. 28. Unnamed sources told the publication that the company nominated four directors (also unnamed) to Twitter’s board.
Vox writes that Elliot Management has purchased about $1 billion worth of Twitter shares. While Vox believes that there are no political ties to the investment, Singer is an active Republican donor. He has given thousands of dollars to Republican candidates in 2019, according to OpenSecrets.org, a project of the Center for Responsive Politics.
While Singer may have initially opposed President Donald Trump, in 2017 the billionaire made his piece with Trump. The president said that Singer gave “us his total support and it’s all about unification.”
The liberal media had a meltdown over this news. Irish journalist Ciara Kelly tweeted, “Social media is where opinion is swayed, created, bought and sold these days. Harness it and you seize power.” MSNBC anchor Stephanie Ruhle tweeted, “He is a Republican mega-donor who has very publicly rebuked democratic socialism.”
Ruhle went on to say that Twitter’s controversial ban of all political ads (except for climate change ads and “cause-based ads”) is a ban on the kind of ads that will have “a huge impact on the 2020 election.” She pointed out that Singer cares about the election, quoting what the billionaire said about the “‘showers of free stuff promised by politicians.’”
She then hinted that “Many experts have said this election be won or lost on social media. Given all of the above, should we explore the idea that this could be motivated by more than just ‘[J]ack wants to move to Africa[?]”