Posts filtered by tags: Paul Singer[x]


 

'Big Short' investor Michael Burry slams bitcoin as a 'speculative bubble' - and says a crash is coming

Michael Burry. Bloomberg TV Michael Burry described bitcoin as a "speculative bubble."The "Big Short" investor grouped it with electric vehicles, SAAS, and meme stocks.He compared the boom in those assets to the dot-com and housing bubbles.Visit the Business section of Insider for more stories.Bitcoin's price has surged to unsustainable levels, and buyers have taken on dangerous amounts of debt, Michael Burry cautioned in a recent tweet."$BTC is a speculative bubble that poses more risk tha...
Tags: Finance, Amc, US, Trends, Markets, Bitcoin, Electric Vehicles, Btc, Cryptocurrency, Gamestop, The Big Short, Rbc, Michael Burry, Paul Singer, Munger, Charlie Munger Warren Buffett


10 things you need to know before the opening bell

Speaker of the House Nancy Pelosi (D-CA) listens during a press conference with other House Democratic leaders Brendan Smialowski/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Sign up for Insider Investing for your weekly markets analysis.Here's what you need to know before markets open.1. Stocks, commodities and emerging markets have got a lift from Biden's $1.9 trillion spending plan. 2. Paul Singer says there's "hea...
Tags: America, Trends, House, Credit Suisse, Warren Buffett, Nancy Pelosi, Biden, Elliott Management, Paul Singer, Amanda Cooper, Brendan Smialowski Getty Images Welcome, Stephen Yiu


Investor Paul Singer warned of 'head-smacking craziness' in markets and said there could be 'trouble ahead'

Elliott Management boss Paul Singer struck a pessimistic tone on bitcoin and Tesla CNBC/Getty Images Paul Singer said there had been some "head-smacking craziness" in markets recently.He singled out "staggering valuation metrics" and "overleveraged capital structures" as worries.Singer's Elliott Management made money every month in 2020, Bloomberg reported.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Billionaire investor Paul Singer told clients that early 2021 h...
Tags: US, Trends, Tesla, Bloomberg, Elliott, Elliott Management, Paul Singer, Harry Robertson, Opening Bell Billionaire, Tesla CNBC Getty Images Paul Singer, Bloomberg Singer


Quibi’s Most Compelling Content Ever Is A Posthumous Legal Brief About Paul Singer’s Lovelife

The short-form failure would prefer to discuss what favors the hedge fund manager may be doing to whether it stole its signature technology.
Tags: Law, Finance, Paul Singer, Quibi


Hedge fund billionaire Paul Singer's Elliott Management is looking to raise over $1 billion to fund a SPAC, report says

Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Elliott Management is in talks with banks to raise $1 billion to create a blank-check company, WSJ said.Founder Paul Singer has been notably absent from the SPAC boom until now.Elliott could use the proceeds to buy a sizable company worth double-digit billions, according to WSJ.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US hedge fund Elliott Management, known for its activist leaning, has been mee...
Tags: New York, US, Trends, Goldman Sachs, Wall Street Journal, Journal, WSJ, Elliott, SPAC, Elliott Management, Paul Singer, Mohamed El Erian, Heidi Gutman, Getty Images Elliott Management, Twitter SoftBank, Shalini Nagarajan


Rocket Internet surges after Elliot Management takes 15% stake, complicating its plans to go private

FILE PHOTO: FILE PHOTO: Paul Singer, founder and president of Elliott Management Corp Reuters Rocket Internet surged on Tuesday after it was revealed that activist investor Elliott Management, led by Paul Singer, took a 15.1% stake in the German-based tech startup incubator.The recent position by Elliott could complicate Rocket Internet's previously announced plans to delist from the exchange and go private after struggling to recreate some of its earlier successes.Shares of Rocket Internet...
Tags: Ipo, Trends, Tesla, Frankfurt, Elliott, Zalando, Elliott Management, Paul Singer, Elliot Management, Lazada, Matthew Fox, Bloomberg Read, Rob Majteles, Elliott Management Corp Reuters Rocket Internet


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, has faced attempted oustings, and had to defend his company in front of Congress

Jack Dorsey at the digital fair dmexco in Cologne, Germany, September 13, 2017. Rolf Vennenbernd/picture alliance via Getty Images Jack Dorsey cofounded Twitter in 2006, and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models. Dorsey holds two CEO jobs at Twitter and Square, and managed to avoid being ousted by activist investor Eliott Management in February 2020. On Octo...
Tags: Google, Facebook, Mark Zuckerberg, South Korea, Twitter, New York Post, Japan, Elon Musk, Hollywood, Obama, Congress, Washington, Cbs News, Life, Senate, White House




The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, has faced attempted oustings, and is now cleaning up after a colossal hack that took over 130 high-profile Twitter accounts (TWTR)

Jack Dorsey cofounded Twitter in 2006, and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models. Dorsey holds two CEO jobs at Twitter and Square, and activist investor Elliott Management has threatened to oust him from Twitter. Dorsey is now on damage control following a massive July 15 hack on Twitter that compromised more than 100 accounts, including those of Elon Musk and B...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Twitter, Japan, Elon Musk, Obama, Congress, Washington, Cbs News, Africa, US, San Francisco, Barack Obama, Trends


South Korean Prosecutors Really Wish Swaps, Stock Were The Same Thing

Then Paul Singer would be sorry. But they’re not, and he’s not.
Tags: Law, Finance, Paul Singer


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, dates models, and just said he's pouring $1 billion of his own wealth into a coronavirus relief fund (TWTR)

Jack Dorsey cofounded Twitter in 2006 and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models. Dorsey holds two CEO jobs at Twitter and Square, and activist investors Elliott Management have threatened to oust him from Twitter. The CEO announced that he was putting an estimated 28% of his total wealth, or $1 billion, into relief efforts for the global coronavirus pandemic. Vi...
Tags: Facebook, Mark Zuckerberg, Twitter, Japan, Elon Musk, Obama, Congress, Washington, Cbs News, Africa, US, San Francisco, Barack Obama, Trends, Bloomberg, Azealia Banks


Silver Lake Pays $1 Billion To Save Jack Dorsey, For Some Reason

Paul Singer’s bloodlust is temporarily sated by a $2 billion buyback.
Tags: Law, Finance, Jack Dorsey, Paul Singer


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, dates models, and just fended off being ousted by activist investors (TWTR)

Jack Dorsey cofounded Twitter in 2006 and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models. Dorsey holds two CEO jobs at Twitter and Square, and activist investors Elliott Management have threatened to oust him from Twitter. Visit Business Insider's home page for more stories. From fighting armies of bots to quashing rumours about posting his beard hair to rapper Azealia ...
Tags: Facebook, Mark Zuckerberg, Twitter, Japan, Elon Musk, Obama, Congress, Washington, Cbs News, Africa, US, San Francisco, Barack Obama, Trends, Bloomberg, Azealia Banks


Silver Lake makes $1B investment into Twitter; Twitter, Elliott call truce as Dorsey remains CEO

After a week in which it looked like activist investor Elliott Management might try to force out Jack Dorsey as CEO of Twitter to help boost the social platform’s flagging growth, it looks like we have a truce of sorts between the two. Today, Twitter announced that it has received a $1 billion investment from Silver Lake, one of the tech industry’s most prolific investors. And as part of that deal, it has also entered into an agreement with Elliott — which owns about 4% of Twitter — to use...
Tags: TC, Twitter, Tech, Jack Dorsey, Jack, Silver Lake, Dorsey, Durban, Trump, Board, Elliott, Jesse, Elliott Management, Paul Singer, Egon, Today Twitter


Silver Lake makes $1B investment into Twitter; Twitter, Elliott call truce as Dorsey stays as CEO

After a week in which it looked like activist investor Elliott Management might try to force out Jack Dorsey as CEO of Twitter to help boost the social platform’s flagging growth, it looks like we have a truce of sorts between the two. Today, Twitter announced that it has received a $1 billion investment from Silver Lake, one of the tech industry’s most prolific investors. And as part of that deal, it has also entered into an agreement with Elliott — which owns about 4% of Twitter — to use that ...
Tags: Startups, TC, Twitter, Jack Dorsey, Jack, Silver Lake, Dorsey, Durban, Trump, Board, Elliott, Jesse, Elliott Management, Paul Singer, Egon, Today Twitter


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, dates models, and might be ousted by activist investors (TWTR)

Jack Dorsey cofounded Twitter in 2006 and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models. Dorsey holds two CEO jobs at Twitter and Square, and activist investors Elliott Management have threatened to oust him from Twitter. Visit Business Insider's home page for more stories. From fighting armies of bots to quashing rumours about posting his beard hair to rapper Azealia ...
Tags: Facebook, Mark Zuckerberg, Twitter, Japan, Elon Musk, Obama, Congress, Washington, Cbs News, Africa, US, San Francisco, Barack Obama, Trends, Bloomberg, Azealia Banks


"A billionaire Republican megadonor has purchased a 'sizable' stake in Twitter and 'plans to push' to oust CEO Jack Dorsey among other changes..."

"... according to new reports, raising the prospect of a shocking election-year shakeup of the social media platform that conservatives have long accused of overt left-wing political bias. Paul Singer’s Elliott Management Corp. has already nominated four directors to Twitter's board.... [U]nlike other prominent tech CEOs, Dorsey didn't have voting control over Twitter because the company had just one class of stock; and he has long been a target for removal given Twitter's struggling user growth...
Tags: Twitter, Law, Censorship, Fox News, Jack Dorsey, Free Speech, Dorsey, Trump, Murphy, Paul Singer, Meghan Murphy, Ann Althouse, Partisanship, Paul Singer 's Elliott Management Corp


Activist investors want to crank up the Twitter revenue machine

When Elliott Management, a New York investment firm with an activist approach, sets its sights on a company, it usually means it has been under-performing, and it sees a ton of unmet potential. News broke on Friday that the company had bought a substantial stake in Twitter and was seeking board seats. Sources have confirmed this information and say the stake is in the 4-5% range. The company is looking to take three or four board seats and wants to implement big changes, including, as reported, ...
Tags: Social, TC, Twitter, New York, Ebay, Africa, Tech, Republican Party, Jack Dorsey, Dorsey, Elliott, Elliott Management, Paul Singer, Activist Investors


Twitter’s new stakeholder reportedly wants to remove CEO Jack Dorsey

Twitter CEO Jack Dorsey’s job at the microblogging platform is reportedly at risk, as Elliott Management, a new major stakeholder in the company is looking to have him replaced, according to Bloomberg. The $40 billion hedge fund, which is a major activist investor (the kind of investor that acquires a stake in a company in order to influence its direction in business) led by billionaire Paul Singer, isn’t keen on Dorsey serving as CEO at both Twitter and Square simultaneously. Read: Jack Dorsey ...
Tags: Startups, Twitter, Bloomberg, Jack Dorsey, Dorsey, Elliott, Paul Singer, Hard Fork


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. At least 3,200 Amazon delivery drivers will be laid off by the end of April as the company keeps cutting ties with contractors. Amazon is cutting ties with some of its third-party delivery partners, resulting in thousands of layoffs in recent months. . The WHO first posted a video to TikTok about COVID-19 prevention on Friday. On Saturday, it shared information about controversial face masks. Billionaire investor Paul Singer is...
Tags: Google, Amazon, Microsoft, China, US, Trends, Bloomberg, Nasa, Who, Jack Dorsey, Huawei, Alexa, Sxsw, Trump, Austin Texas, Paul Singer


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

Paul Singer, founder of investment firm Elliot Management is planning to oust Twitter CEO Jack Dorsey, Bloomberg reported on Friday. Singer is reportedly seeking 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...
Tags: Twitter, Africa, Trends, Bloomberg, Beverly Hills, Square, Jeff Bezos, Jack Dorsey, Dorsey, Elliott Management, Paul Singer, Elliot Management, TWTR, Twitter CEO Jack Dorsey Bloomberg, Twitter and Elliot Management


Elliott Management wants to oust Jack Dorsey as Twitter CEO, reports say

Activist investor Elliott Management is seeking to oust Jack Dorsey as Twitter CEO, reports say. The $40.2 billion hedge fund is run by Paul Singer.         [Author: USA TODAY]
Tags: Usa, News, Usa Today, Jack Dorsey, Elliott Management, Paul Singer


Elliott Management Goes Activist on AT&T

Paul Singer's hedge fund firm Elliott Management has gone activist on AT&T (T), sending a letter to the board to outline what they feel is a 'compelling value-creation opportunity.  Elliott now owns $3.2 billion worth of shares and they see 65% upside to recent trading levels.Elliott writes, "Elliott  made the investment in AT&T – among  its largest ever – because it exhibits a unique combination of historical underperformance,   a  depressed  valuation,  well-positioned  assets and  a clear pat...
Tags: Finance, Elliott, Elliott Management, Paul Singer, T, Hedge Fund Portfolios, AT T T, Activist Investing, T. Paul Singer


Census Bombshell: New Evidence Shows Citizenship Question Added To Boost GOP

The move by the Trump administration to add a citizenship question to the census can be traced back directly to the work of a Republican redistricting expert who studied how to create maps that “would be advantageous to Republicans and Non-Hispanic Whites,” according to new evidence revealed in court documents filed Thursday. How the evidence even fell into the challengers’ laps is in itself an incredible turn of luck, involving an estranged daughter, a chance phone call and a casual conversa...
Tags: New York, Texas, News, Supreme Court, Gop, Commerce, New York Times, Republican Party, Times, North Carolina, Department Of Homeland Security, Doj, Justice Department, Ross, Gore, Vra


Vivendi Abandons Attempt to Replace Telecom Italia Directors

Vivendi dropped a plan to replace five of Telecom Italia’s directors at the carrier’s annual meeting near Milan on Friday. Bloomberg reported last week that state lender Cassa Depositi e Prestiti may be brokering a compromise to end the dispute, according to people familiar with the matter. Vivendi’s controlling shareholder Vincent Bollore has been sparring with the activist fund run by Paul Singer for a year, destabilizing management and delaying efforts to revive the former monopoly, whose s...
Tags: Science, Milan, Bloomberg, Vivendi, Vincent Bolloré, Paul Singer, Telecom Italia, Cassa Depositi, Prestiti, Vivendi Abandons Attempt to Replace Telecom Italia


Billionaire hedge-fund manager Paul Singer's Elliott Management revealed a $1.4 billion stake in eBay, and the stock is surging (EBAY)

eBay shares were up more than 9% Monday after the hedge fund Elliott Management on Tuesday revealed a $1.4 billion stake, good for more than 4% of the company. Elliott’s stake was revealed in an open letter that recommends a way to create value opportunity at eBay. The hedge fund proposed a five-step plan, which it says could value eBay at $55-$63 per share, representing upside of more than 75% to 100% from Tuesday's price. Watch eBay trade live. eBay was surging, up more than 9% Tuesday to ...
Tags: Apple, Ebay, Trends, Xiaomi, Elliott, Elliott Management, Paul Singer, eBay the Company


Elliott Says Urgent Changes Are Needed at eBay in Letter to Board

Elliott, which owns more than 4 percent of EBay, proposed a five-step plan that involves reviewing EBay’s portfolio of companies, including StubHub, revitalizing the company’s Marketplace, which Elliott deems poorly managed, and returning capital to shareholders. If the recommendations outlined by the activist investor run by billionaire Paul Singer are followed, Elliot sees EBay’s shares valued at $55 to $63 a share, potentially doubling their value from Friday’s close. EBay surged 12 percent...
Tags: Science, Ebay, Stubhub, Elliott, Elliot, Paul Singer


Mitek Stock Price Rises After ASG Beefs Up Acquisition Offer

ASG Technologies, the Florida-based software company backed by activist hedge fund Elliott Management, has upped its offer for San Diego’s Mitek Systems to $11.50 per share from $10 apiece.That’s according to a Nov. 26 the Florida-based software company made public Monday.The stock price of Mitek (NASDAQ:MITK) rose nearly 9 percent on the news, closing at $9.75. The company’s bread and butter has been licensing software for remote document capture, such as bank checks, but it is also developi...
Tags: Deals, Florida, Trends, San Diego, M&a, Fintech, Acquisition, Elliott, Elliott Management, ASG, Paul Singer, National blog main, New York blog main, San Diego blog main, San Diego top stories, Mitek


As Hedge Fund Presses Takeover Bid, Mitek CFO Rescinds Resignation

Elliott Management, a New York-based activist hedge fund, has had San Diego-based Mitek Systems in its crosshairs for months.In October, Elliott subsidiary ASG Technologies Group publicly “reaffirmed” an offer to buy Mitek (NASDAQ: MITK) at $10 per share—an unsolicited proposal that it said Mitek had previously rebuffed, claiming it undervalued the company. At the time, ASG argued that taking Mitek private would be better for the San Diego company’s shareholders than having it continue to opera...
Tags: Deals, New York, Technology, Trends, People, San Diego, M&a, Private Equity, Mergers and Acquisitions, Hedge Fund, Acquisition, Elliott, Elliott Management, ASG, Paul Singer, National blog main


Mitek Systems Rejects ASG’s $380M Takeover Bid

Mitek Systems, which is being targeted for takeover by a subsidiary of Elliott, billionaire Paul Singer’s activist hedge fund, has unanimously rejected its $380 million offer.The Oct. 31 offer—rejected Monday—was made by ASG Technologies Group, a Florida-based software company that last year sold a controlling stake to Evergreen Coast Capital, Elliott’s Menlo Park, CA, affiliate, which focuses on technology investing.ASG offered to pay $10 per share for Mitek (NASDAQ: MITK), which has developed...
Tags: Deals, Florida, Trends, Artificial Intelligence, San Diego, M&a, Hedge Fund, Icar, Elliott, ASG, Paul Singer, National blog main, New York blog main, San Francisco blog main, San Diego blog main, San Diego top stories