A Republican mega-donor has purchased a “sizeable stake” in Twitter and is reportedly seeking to oust its founder Jack Dorsey.

Elliott Management intends to push for major changes at the social media company and has nominated four directors to Twitter’s board, Bloomberg reported, citing a person familiar with the matter.

The hedge fund’s billionaire owner Paul Singer was a vocal and paying opponent of Donald Trump – who has accused Twitter of being “very discriminatory” towards him – during his presidential campaign in 2016, but has since become a supporter.

Mr Singer is reportedly hoping to replace Mr Dorsey due to the tech giant co-founder’s role as chief executive on Square, a mobile payments company, and his stated desire to split his time between the US and Africa.

Mr Dorsey is the only person to simultaneously be CEO of two public companies worth more than $5bn.

‘Brexit is like...’ The Top 20 Twitter analogies Show all 20 1 /20 ‘Brexit is like...’ The Top 20 Twitter analogies ‘Brexit is like...’ The Top 20 Twitter analogies The Beatles "Brexit is like Liverpool trashing all its links to The Beatles and spending all its time and energy building Esther McVey World." Shutterstock / terry bouch ‘Brexit is like...’ The Top 20 Twitter analogies The number seven "Trying to understand Brexit is like trying to figure out what colour the letter seven smells like." Shutterstock / jgl247 ‘Brexit is like...’ The Top 20 Twitter analogies Pilots "Brexit is like being in a plane hurtling towards the ground with the pilot and co-pilot arguing over who would crash it better." 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Shutterstock / Tony Craddock ‘Brexit is like...’ The Top 20 Twitter analogies Skydive "brexit is like a sitcom where at the start of the episode the main character tells a casual lie about being able to skydive to impress someone and now they're at the end of the episode in a plane about to jump" Shutterstock / Mauricio Graiki ‘Brexit is like...’ The Top 20 Twitter analogies Crumble "Brexit is like if Farage & Johnson said “May we make you an *amazing* apple crumble?” & then 18 months later handed you a leaking bag of maggots & offal. You shouldn’t have to eat it." Shutterstock / CKP1001 ‘Brexit is like...’ The Top 20 Twitter analogies Punch "‘Asking me to support Brexit is like asking me to punch my constituents in the face,’ said Anna Turley, the Labour MP for Redcar, which voted 66:34 to leave. ‘It doesn’t make it easier if you tell me my constituents want to be punched.’" Shutterstock / ZoneCreative ‘Brexit is like...’ The Top 20 Twitter analogies Fire "Watching this government deal with Brexit is like being locked outside your house while you can see people inside setting fire to the furniture as the law’s telling you you can’t go in and stop them." Shutterstock / Gorb Andrii ‘Brexit is like...’ The Top 20 Twitter analogies Villains "Brexit is like living in a superhero movie that has no heroes, just loads of incompetent villains fighting over who is more evil." Shutterstock / Aisyaqilumaranas ‘Brexit is like...’ The Top 20 Twitter analogies Book "Brexit is like a bad novel. You are so far into it you just want to skip to the end to see if it ended as badly as it had begun. (You throw the book at the wall when you realise it is the first book in a trilogy)." Shutterstock / Stokkete ‘Brexit is like...’ The Top 20 Twitter analogies Cricket "Watching Brexit is like trying to reverse engineer the rules of cricket by listening to the radio. I have absolutely no idea what is going on." Shutterstock / ChrisVanLennepPhoto ‘Brexit is like...’ The Top 20 Twitter analogies Car "Brexit is like the UK took a motorway exit, then found the road turning into a rutted grassy track, and now the car's stuck in a muddy field, there's no help in sight, it's getting dark, everyone's shouting at the driver, and the passengers are beginning to worry about food." Shutterstock / Kolbakova Olga ‘Brexit is like...’ The Top 20 Twitter analogies Cable "Watching Brexit is like watching someone try and plug a coaxial aerial cable into a HDMI port. There is a lot of anger, a lot of swearing, and a lot of remarks about how this used to work before." Shutterstock / Elnur ‘Brexit is like...’ The Top 20 Twitter analogies Windows "#Brexit is like going back to Windows 3.1" ‘Brexit is like...’ The Top 20 Twitter analogies Liars "I'm sure most people remember a kid at school who just lied constantly? Who refused to back down, however outlandish the lie, and however it was disproven? Brexit is like all of those kids from every school have got together, and are now running the country." Shutterstock / chairavee laphom ‘Brexit is like...’ The Top 20 Twitter analogies Donors "Trying to extricate ourselves from the EU, and Brexit, is like a multiple transplant patient attempting to give all the donated organs back." Shutterstock / Luuuusa ‘Brexit is like...’ The Top 20 Twitter analogies Electricity "Paying my taxes to pay for Brexit is like asking a guy on death row if he has any change to put in the meter for the electric chair." Shutterstock / Fer Gregory ‘Brexit is like...’ The Top 20 Twitter analogies Bandersnatch "Brexit is like watching Bandersnatch with your bae where bae is 70,000 Conservative party members hogging the PlayStation controller & choosing the most WTF option every time.! Shutterstock / George Dolgikh ‘Brexit is like...’ The Top 20 Twitter analogies Constipation "Brexit is like the shit that never comes. Total constitutional constipation. Ironically Brexit also sounds like a constipation relief medicine." Shutterstock / sasha2109

Twitter’s share price rose by several points after reports emerged of Elliott Management’s investment.

While the tech giant’s share prices have been unsteady in the past, it recently reported quarterly revenue above $1bn for the first time, according to The Guardian.

Elliott Management is an activist investor – often putting its money into companies in order to affect changes within them. Mr Dorsey is believed to own around two per cent of the company, leaving him potentially vulnerable to such interventions.

Mr Singer is a staunch Republican, and after donating around $1m to a PAC attempting to derail Mr Trump’s election campaign, appears to have changed his mind about the US president.

But after Mr Singer paid a visit to the White House in 2017, Mr Trump told reporters: “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.”

Reports of Elliott Management’s alleged investment came days after it emerged Twitter could use red and orange labels to highlight lies and misleading statements made by individuals on the platform.