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An activist investor wants @Jack out at Twitter.

Elliott Management founder Paul Singer has taken an undetermined-but-large stake in Twitter and is pushing for changes – including the ouster of CEO Jack Dorsey.

Bloomberg broke the news, and CNBC has a "source familiar with the matter" saying Singer doesn't think Dorsey should be running both Twitter and Square. Another factor, says the source: Dorsey's desire to move to Africa.

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