It was just announced Elliott Management has bought major stake in Twitter and has plans to oust CEO Jack Dorsey.

Bloomberg News broke the story:

Activist investor Elliott Management Corp. has taken a sizable stake in Twitter Inc. and plans to push for changes at the social media company, including replacing Chief Executive Officer Jack Dorsey, according to people familiar with the matter. The New York-based firm has nominated four directors to Twitter’s board, said the people, who asked to not be identified because the matter isn’t public.

Dorsey, who founded the social media platform and also serves as CEO for Square, has been criticized for his management style since returning to the company in 2015. Unlike Facebook, Instagram, Snapchat, and TikTok, Twitter has fallen behind its competitors in amassing revenue and in retaining users—with only 152 million daily users (as of February 2020) and 330 million active monthly users.

At one point, it was reported that conservative employees at Twitter didn’t feel safe working there.

Conservatives and non-conservatives alike have pointed to various problems on the platform — shadow banning, free speech restrictions, reliance on automation, just to name a few. Twitter has also been criticized for its decision to eliminate all political ads, for vague Terms of Service violations, its draconian appeals process for banned accounts, and for restricting accounts offering opinions contrary to leftist dogma.

Elliott Management, considered an “activist investor” firm, has bought approximately $1 billion in Twitter shares. The firm is managed by Republican mega-donor Paul Singer. Here’s more from Vox’s Recode blog:

Here’s the deal: Elliott Management, an “activist investor” firm, has bought a lot of Twitter shares and wants to replace Twitter CEO Jack Dorsey. It thinks pushing out Dorsey will make Wall Street value Twitter more favorably, which would make the value of Elliott’s Twitter shares rise. Elliott has acquired about $1 billion worth of Twitter shares, which means it has a sizable stake in Twitter, but nothing close to control of the company. Now, the firm wants to use that stake to replace four Twitter board members with its own nominees, who would then presumably pressure Dorsey to leave — or at least stop running Square, the payments company he founded after he first left Twitter.

Paul Singer was previously Never Trump but has since come around to supporting President Trump.

During a February 2017 White House visit, President Trump said of his meeting with Singer: “As you know, Paul was very much involved with the anti-Trump or as they say ‘Never Trump’ and Paul just left and he’s given us his total support and it’s all about unification … So, I want to thank Paul Singer for being here and coming up to the office. He was a very strong opponent and now he’s a very strong ally and I appreciate that.”

Mr. Singer, however, was recently criticized for his handling of the controversial merger between Cabela’s and Bass Pro Shops.

Last December, Fox News host Tucker Carlson blasted Singer for “destroying” the town of Sidney, Nebraska, after the Cabela’s – Bass Pro Shops merger—which landed Singer’s company $5.5 billion.

Critics of this merger will certainly cast a skeptical eye on Elliott Management’s majority stake in Twitter.

However, if changes come to platforms like Twitter could their fears be quelled? Is this the market correction in Big Tech we’ve been clamoring for? If improvements come to Twitter, would our fellow conservatives abandon their campaign to repeal Section 230 of the Communications Decency Act?

Conservatives used to lag behind leftists and Democrats on the social media front but have caught up and even overpowered them.

I’m skeptical of government regulation as an answer to improving user experience on social media platforms. I’m far from a Big Tech apologist—but if, god forbid, a Sanders administration or Biden administration were to regulate Big Tech in the future, our views would be further suppressed. That prospect has me worried about efforts to repeal Section 230 or supporting government intervention to correct social media bias against conservatives and non-leftists.

Could buying shares and reforming from companies from within do the trick in offsetting and combatting social media’s problems? What say you?