Twitter ceo, jack dorsey to step down from executive role
Published by Borderless media
Twitter CEO, Jack Dorsey is expected to step down from his executive position, according to CNBC.
The announcement has since sent Twitter’s shares soaring by more than 11%.
Dorsey is also the CEO of Square, his digital payment startup. Elliott Management, a Twitter shareholder, had planned to replace Dorsey as CEO in 2020 before reaching an agreement with the company’s management.
Paul Singer, the founder of Elliott Management and a billionaire investor, had questioned whether Dorsey could oversee both public companies, pushing on him to step down as CEO of one of them.
More information will be updated soon…
