According to Bloomberg, billionaire Paul Singer's activist hedge fund Elliott Management has taken a sizable stake in Twitter and plans to push for changes at the social media company, including replacing Chief Executive Officer Jack Dorsey. As part of its activist campaign, Elliott has nominated four directors to Twitter's board, and while there are only three seats becoming available at this year's annual meeting Elliott wanted to ensure that it nominated enough directors to fill all three seats or any other vacancies that may arise.

Initially, Elliott reportedly approached Twitter about its concerns privately "and has had constructive discussions with it since then", although the hostile turn of events suggests that discussions were not all that "constructive."

Elliott's push to revamp Twitter comes at a pivotal time - just as Twitter cracks down on alternative voices, silencing and suspending anyone who disagrees with the company's ultraliberal, virtue signaling ethos without as much as a second thought.