Hit the road, Jack

[The beef 675] [I'm an image] “Looks like Jack will have a lot more free time than he anticipated during his 6 month trip to Africa.” - Jason Hey there carnivores, Markets had their worst week since 2008, thanks, once again, to coronavirus. Today we’re talking about Twitter’s leadership shuffle. Keep raging, Jeff & Jason [Image] [I'm an image] GTFO Looks like a corner office might be opening up at Twitter HQ. *Jack Dorsey reading this subtweet.* Elliott Management [has taken a $1B stake]( in Twitter, demanding sweeping changes across the board. In more ways than one. The activist firm approached Twitter privately about changes it’d like to see, and have supposedly had constructive discussions. Amongst these changes are board seats, with Elliott nominating four directors… even though there are only three seats up for grabs during this year’s annual meeting. The biggest change, however, deals with the head honcho himself, @jack. Jack off It’s rumored that Elliott wants to replace Jack Dorsey as CEO, as the activist company is concerned with Twitter's lack of innovation and performance lately. Somebody wants an edit button. In a time where Snapchat and Facebook have focused on filters and stories, Twitter has chosen to focus on its core service, allowing its users to deliver hot takes 280 characters at a time. The request shouldn’t be a surprise though, as Twitter has been bullied for years. Why? For starters, Dorsey [is one of the only people]( to serve as CEO of two public companies at once. You see, when he’s not trying to keep tabs on trolls, he’s processing payments and helping grow businesses over at Square. I guess he can’t collect unemployment then... Stock up Twitter only has one class of stock, which does not give Dorsey outsize voting powers like other social media CEOs like the Zuck at FB, or Evan ‘the Schmeigel’ Spiegel at Snap. Read: Jack can't control his own fate, like those others. Speaking of Twitter stock... it has fallen more than 20% since its piss poor Q3 earnings results. The company blamed bugs for its inability to sell ads and ‘accidentally’ sharing personal info. Could no one on Twitter's crisis management team think of a better excuse? The bottom line... It appears that Elliott wants Jack to pack his bags and delete his account, as [the removal of his nose ring]( didn’t have as much positive impact on Twitter's stock performance as it’d hoped. During Jack’s latest tenure as CEO (since 2015), shares have fallen 6.2% while Facebook has risen over 121% ... is that bad? $TWTR rose 7.8% on the news after hours on Friday. [I'm an image] Last Week...The S&P 500 ETF Plummeted by 11.6% During That Same Period… Ben Sturgill Experienced Total Gains of 358% No... He’s Not Trading Biotechs or Penny Stocks… He’s Trading The S&P 500 ETF! [Image]( Find Out What He’s Doing So Differently… Join Ben Live, This Tuesday, March 3rd at 8 PM ET [Register Today]( [I'm an image] ☑️Bailing. Harley-Davidson is going to need to find someone to drive the ole hog after CEO Matt Levatich [resigned]( on Friday. The biker boys over at HD have been suffering for a few years, seeing sales decline as young people turn towards safer, four-wheeled transportation options. Millennials have never been into leather, so this was bound to happen. Replacing Levatich will be Jochen Zeitz, in an interim role. Zeitz does get to stay on as chairman once a permanent replacement is found. Hopefully, the replacement CEO can figure out how to break out of a five-year sales slump. ☑️Mixing up the medicine. If Martin Shkreli was having a bad day in prison, the news he got Friday certainly won’t help. The USDA [approved]( the first generic version of Daraprim, the drug Shkreli was accused of price gouging users on. Most recently, Shkreli was accused by the FTC of [blocking the creation]( of a generic version of the drug to continue driving prices up. Daraprim, the medicine Shkreli’s Phoenixus AG originally developed, is used to treat toxoplasmosis, which is the leading cause of death from foodborne illnesses. There’s still no word on whether a cure has been found for the illness that occurs after having to listen to Shkreli talk. ☑️Yard sale. Wayfair’s loss problem is getting worse. On Friday, the furniture dealer’s shares [fell 15%]( in premarket trading after the firm reported net losses in the quarter ended December 31st totaling $330.22M. In the same quarter the prior year, it only lost $143.85M. Yeah, that seems to be a pretty negative trend. Wayfair, which went public in 2014, has been having money troubles. More specifically, it’s had trouble figuring out how it’s going to make money. Not unlike a college sophomore. Since its inception, the company has yet to make a profit. Taking a page out of the Uber business plan, I see. ☑️RIP Trader Joe. Joe Coulombe, the founder of every suburban millennial’s safe space, Trader Joe’s, [passed away]( on Friday. Joe was 89 years old, and had been dealing with what his family called a “long illness.” Columbe started Trader Joe’s in LA in the ‘50’s before selling the store to German grocer Aldi Nord in 1979. He then hung around as the company’s CEO until he retired in 1988. Joe may be gone, but his legacy and those chocolate sea salt almonds will live forever. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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