Twitter strikes deal with investors ending bid to oust dorsey

According to recent reports, Twitter has reached a deal with its investors to end the bid to oust CEO Jack Dorsey. The deal comes after a group of investors, led by Elliott Management, had been pushing for Dorsey to step down from his role as CEO.

Under the agreement, Twitter will appoint two new independent directors to its board, which will give investors more representation and influence over the company's direction. Additionally, Twitter will also establish a new committee to oversee the company's strategy and performance.

The deal is seen as a victory for Dorsey, who has been under pressure from investors to improve the company's performance and address concerns about its handling of misinformation and other issues. Dorsey has been CEO of Twitter since 2015 and has also been CEO of Square, a payments company, since 2009.

The agreement is also seen as a sign that Twitter is committed to improving its governance and transparency, and that it is willing to listen to the concerns of its investors. The company has faced criticism in the past for its handling of misinformation and other issues, and the deal is seen as a step towards addressing these concerns.

It's worth noting that the deal is not without controversy, with some critics arguing that it is a sign of the company's willingness to prioritize the interests of its investors over those of its users. However, the agreement is seen as a positive step for Twitter, and it is likely to be seen as a sign of the company's commitment to improving its governance and transparency.