PR Newswire | Nov 29, 2021 12:06PM EST

11/29 11:05 CST

Elliott Releases Statement On Leadership Change at Twitter WEST PALM BEACH, Fla., Nov. 29, 2021

WEST PALM BEACH, Fla., Nov. 29, 2021 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Managing Partner Jesse Cohn and Senior Portfolio Manager Marc Steinberg regarding the leadership changes announced at Twitter (NYSE: TWTR):

Twitter is the leading global medium for real-time conversation and engagement, and our collaboration with Jack and the company for the past two years has been productive and effective. Twitter is now executing against an ambitious multi-year plan to dramatically increase the company's reach and value, and we look forward to the next chapter of Twitter's story. Having gotten to know both incoming Chairman Bret Taylor and incoming CEO Parag Agrawal, we are confident that they are the right leaders for Twitter at this pivotal moment for the company.

About Elliott

Elliott Investment Management L.P. manages approximately $48 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact:Stephen SpruiellElliott Investment Management L.P.(212) 478-2017sspruiell@elliottmgmt.com

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SOURCE Elliott Investment Management L.P.