‘Jack Dorsey leaves as CEO of Twitter'

‘Jack Dorsey leaves as CEO of Twitter’

According to Reuters news agency, Dorsey’s departure has been a year in the making. Together with the rest of the board, the CEO himself has decided who will be his successor.

Rare position

Dorsey, 45, is one of the founders of Twitter and was CEO from 2006 to 2008. In 2015 he became CEO again. In the meantime, Dorsey founded payment company Square, of which he was also the chief executive. This put Dorsey in the rare position of being in charge of two publicly traded companies.

Investors on Wall Street reacted positively to the news that Dorsey was leaving. The share was more than 8% in the plus after a few minutes. The price then fell back to a plus of 3.4%, after which trading in the share was halted. Twitter is expected to issue a press release.

‘Jack Dorsey leaves as CEO of Twitter’ | Financial
Source link ‘Jack Dorsey leaves as CEO of Twitter’ | Financial

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