Comment on An activist investor is reportedly preparing a plan to oust Twitter CEO Jack Dorsey, and the stock is rising (TWTR)

AP Photo/Jose Luis Magana Elliott Management, the massive activist investment firm led by Paul Singer, is planning to oust Twitter CEO Jack Dorsey, Bloomberg reported on Friday. CNBC also reported that Singer wants to push Dorsey out in part because of his time being divided between running Twitter and Square, as well as his stated plans to move to Africa this year. Singer's firm has taken a large stake in Twitter and has nominated four directors to its board, Bloomberg reported. Twitter's stock rose more than 7% in after-hours trading following the news. Visit Business Insider's homepage for more stories. Elliott Management, the massive investment firm led by Paul Singer, is seeking the removal of Twitter CEO Jack Dorsey, Bloomberg reported on Friday. Singer's firm has taken a substantial stake in Twitter and has nominated four directors to its board, Bloomberg reported.See the rest of the story at Business InsiderNOW WATCH: 8 weird robots NASA wants to send to spaceSee Also:The life and rise of Kevin Systrom, Instagram's former CEO who shocked Facebook by quitting 6 years after selling his company to Mark Zuckerberg for $1 billionUS accuses Russia of spreading conspiracies about the Wuhan coronavirus, including that it's a CIA biological weaponFor people choosing between the PlayStation 5 and Xbox Series X next-gen consoles, the most important factor is price