Register to get unlimited Level 2

Jack Dorsey to step down as Twitter CEO - report

By Michele Maatouk

Date: Monday 29 Nov 2021

Jack Dorsey to step down as Twitter CEO - report

(Sharecast News) - Twitter shares surged on Monday after CNBC reported that Jack Dorsey - who founded the social media site in 2006 - was set to step down as chief executive officer.
At 1430 GMT, the shares were up 8.5% at $51.02.

CNBC noted that Twitter stakeholder Elliott Management had sought to replace Dorsey as boss in 2020 before the investment firm reached a deal with management.

Elliott Management founder and billionaire investor Paul Singer had wondered whether Dorsey should run both of the public companies, calling for him to step down as CEO of one of them, CNBC said.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page