Introducing Peabody Energy (NYSE:BTU), The Stock That Tanked 90%

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Tesla CEO Elon Musk backed Twitter CEO Jack Dorsey on Monday following reports that billionaire investor Paul Singer’s Elliott Management had launched a bid to replace him as head of the social media company. “Just want [to] say that I support @Jack as Twitter CEO,” Musk wrote on Twitter. He has a good [heart].” ELLIOTT MANAGEMENT SEEKS TWITTER CEO JACK DORSEYS OUSTER: REPORT A prominent Twitter user, Musk has 31.6 million followers on the platform. He often uses Twitter to communicate major developments at his companies, including Tesla, SpaceX and the Boring Company. In one high-profile incident, Musk drew a $20 million fine after he erroneously tweeted that Tesla had secured funding to go private at $420 a share. Musk’s statement of support for Dorsey came after Elliott Management, which holds a sizable stake in Twitter, began a push to oust the company founder. The activist investor firm nominated four directors to Twitter’s board and approached the company about its concerns. GET FOX BUSINESS ON THE GO BY CLICKING HERE Like Musk, Dorsey has leadership roles at more than one company. Dorsey serves as CEO of both Twitter and mobile payments company Square. His dual roles, as well as his stated plan to move to Africa for at least six months in 2020, have roiled investors in recent weeks. Twitter shares surged nearly 8 percent on Monday following the reports of Elliott Management’s play against Dorsey. Twitter and Elliott Management have declined to comment. CLICK HERE TO READ MORE ON FOX BUSINESS Related Articles Best Buy Celebrates 50 Yrs With Saleathon; Will It Turn 60? Canadian Solar Is Facing More Challenges Than It Appears Target Adds Private Bathrooms to Quell Transgender Debate View comments
Embracing Age: Reflections on Ageism and Connection
A personal journey through ageism, social encounters, and self-reflection in a vibrant city.