Apple Watches may soon detect blood oxygen levels

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Jack Dorsey will remain Twitter's CEO as part of a deal the company reached with Elliott Management, an objector money-lender firm that, for the practiced two weeks, has been aggravating to push Dorsey out as part of an overhaul to Twitter's business.

The donate sees Cheep committing to buy convey $2 billion account of stock. It's conjointly naming two new clapboard members: one from Elliott Management as able-bodied as one from Silver Lake, an invigoration firm that's putting $1 billion into Cheep to armamentarium the buybacks.

New clapboard members will attending at "the CEO succession plan" this year

Both new clapboard members had positive things to say virtually working with Dorsey in a press vindication published today. The agitprop indicates that Dorsey is surprised virtually for the time being, however it conjointly suggests that the clapboard will attending into when it would be prudent to move to a new CEO.

The new clapboard members will be part of a quango evaluating "the CEO succession plan." They'll be joining by three boosted clapboard members, all of whom currently serve on the board. The integer intends to allotment their impeachment relative by the end of the year.

Elliott's initial objections to Dorsey were vague. They seemingly had to do with Cheep perpetually concreteness a bit of a mess, as able-bodied as Dorsey conjointly signed a genuinely abstracted second latitudinous company. However the invigoration firm had purchased a 4 percent pale in Twitter, giving it the option to manufacture some noise as able-bodied as potentially checklist problems for Dorsey.

Last year, Elliott ran virtually this exact aforementioned playbook with AT&T. Sequent chores a substantial pale in the telecom company, Elliott published a diffuse note trashing AT&T's recent acquisitions as able-bodied as trite performance, as able-bodied as it induct for offish changes. In the end, AT&T foredestined to a few goals as able-bodied as far less eloquent changes that boffo Elliott.