No Result
View All Result
Sunday, June 1, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Deepika Padukone

    In pictures: What are the shocking controversies in Deepika Padukone’s past?

    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

    Alizeh Shah

    Alizeh Shah’s heartfelt Eid al-Adha message captivates fans online

    File Photo

    Saba Qamar speaks out against child marriage in UNICEF campaign

    Nadia Afgan

    Feroze Khan’s fans sent me death threats: Nadia Afghan

    Netflix

    Get ready to stream: Netflix’s June 2025 lineup is packed with hits

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Deepika Padukone

    In pictures: What are the shocking controversies in Deepika Padukone’s past?

    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

    Alizeh Shah

    Alizeh Shah’s heartfelt Eid al-Adha message captivates fans online

    File Photo

    Saba Qamar speaks out against child marriage in UNICEF campaign

    Nadia Afgan

    Feroze Khan’s fans sent me death threats: Nadia Afghan

    Netflix

    Get ready to stream: Netflix’s June 2025 lineup is packed with hits

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Technology

Twitter board expresses confidence in CEO Dorsey

MM News Staff by MM News Staff
November 3, 2020

SAN FRANCISCO: The board of Twitter expressed support for Chief Executive Officer Jack Dorsey after a management review prompted by an investor’s effort to push him out of the job.

“The committee expressed its confidence in management and recommended that the current structure remain in place,” the board said in a regulatory filing. The board cited Twitter’s “significantly improving product” and financial performance in the third quarter when revenue grew 14 percent to $936 million.

Earlier this year, Dorsey fought off an attempt by activist investor Elliott Management to oust him from his job by agreeing to growth targets.

In March, Twitter made a deal with key investors to end an effort to oust Dorsey, creating a new committee on the board of directors to keep tabs on company leadership.

The plan called for fresh investment in Twitter by private equity group Silver Lake, and a pledge by the social media group to launch a $2 billion share repurchase plan.

The deal also enabled the hedge fund Elliot Management which had been pressing to remove Dorsey  to get its partner Jesse Cohn a seat on the board of the firm.

As part of the agreement, Twitter created a temporary board committee to “build on our regular evaluation of Twitter’s leadership structure.” The deal bought time for Dorsey, who is also CEO of financial tech company Square, to show Elliott he could run two public companies.

Twitter had been facing pressure by Elliott Management, which owns about four percent of the company, to replace Dorsey, amid concerns he has spread himself too thin by running Twitter along with the digital payments firm Square.

The board’s endorsement of Dorsey also comes as the social network faces intense pressure to combat election-related misinformation around the United States presidential election.

Tags: CEOjack dorseyTwitter
ShareTweetSendShare
Previous Post

Pakistan reports 1,167 COVID-19 cases, 14 deaths

Next Post

Burj Khalifa lights up on Shah Rukh Khan’s 55th birthday

Related Stories

File photo
Technology

Pakistan Crypto Council to meet on June 2

May 30, 2025
NADRA logo
Technology

Pakistan to enforce single facial recognition system for biometric data

May 30, 2025
WhatsApp
Technology

WhatsApp status gets a major upgrade with three new features

May 30, 2025
representative image
Technology

Pakistan issues advisory following massive global data theft

May 26, 2025
File photo
Technology

Artificial Intelligence to be added into national curriculum: Rana Mashhood

May 24, 2025
File photo
Technology

OpenAI to launch world’s largest Data Center in UAE

May 23, 2025
Luke Hales/Getty Images
Prices

Trump threatens 25% tariff on iPhones manufactured outside the US

May 23, 2025
File photo
Technology

Cyber security threats: THESE two countries are least affected in the world

May 23, 2025
A small toy figure and representations of the virtual currency bitcoin stand on a motherboard in this picture illustration taken May 20, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Technology

What is Bitcoin mining?

May 23, 2025
File photo
Business & Stock

Bitcoin reaches new all-time high of $111,000

May 22, 2025
Next Post

Burj Khalifa lights up on Shah Rukh Khan's 55th birthday

Trending Stories

Deepika Padukone
Film & TV

In pictures: What are the shocking controversies in Deepika Padukone’s past?

by MM News Staff
June 1, 2025
Image: AP
In Pictures

In Pictures: Thailand’s Opal Suchata Chuangsri crowned Miss World

by MM News Staff
June 1, 2025
Image: Hum News
Sports

Polish cyclist Paweł Małaszko completes 47-day journey from Karachi to K2

by MM News Staff
June 1, 2025
Pakistan Express
Top News

Train derailment: Pakistan Express heading to Rawalpindi suffers major accident

by MM News Staff
June 1, 2025
file photo
Weather

Weather updates for Islamabad, other parts of Pakistan

by MM News Staff
June 1, 2025

Opinion

munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Crimea at the Crossroads: Development, Identity, and Geopolitics
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

file photo
Weather

Weather updates for Islamabad, other parts of Pakistan

by MM News Staff
June 1, 2025

The weather is likely to remain hot and dry in most parts of the...

Heatwave

Karachi braces for more heat as temperature remains high

May 31, 2025
file photo

Karachi temperature likely to hit 41°C today

May 30, 2025
Heavy Rain

Storm and heavy rains wreak havoc in Khyber Pakhtunkhwa, 5 dead

May 30, 2025
See all

Prices

representative image
Business & Stock

Gold prices in Pakistan today- Sunday, June 1, 2025

by MM News Staff
June 1, 2025

The following are the current gold prices in Pakistan on Sunday, June 1, 2025....

File photo

Petrol price hiked by Re1 per litre in Pakistan

May 31, 2025
LGP prices have been slashed ahead of Ramadan. File photo

LPG prices announced for June 2025

May 31, 2025
representative image

Gold prices further drop in Pakistan

May 31, 2025
See all

Transport News

Pakistan Express
Top News

Train derailment: Pakistan Express heading to Rawalpindi suffers major accident

by MM News Staff
June 1, 2025

The Pakistan Express going to Rawalpindi has met with a major accident; the train’s...

(Image: Dawn)

Karachi residents protest load-shedding; National Highway blocked

May 31, 2025
file photo

Govt extends bid submission deadline for PIA privatization

May 27, 2025
File photo

Sindh launches crackdown on overcharging transporters ahead of Eid ul Adha

May 26, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.