Twitter named Jack Dorsey as its permanent CEO but said it would look elsewhere for a chairman, seeking to allay concerns about its co-founder’s dual role as head of the mobile payments company Square.
Mr Dorsey is already acting as interim chief executive and chairman, but the micro-blogging site is understood to be planning to name him permanently in the role as early as today.
Dorsey became the CEO in 2007 but was ousted the following year as his leadership was branded as subpar by fellow founder Williams. Reports suggested Dorsey’s attention was on other projects, and he struggled to manage frequent outages during a period of exploding growth.
San Francisco-based Twitter plunged on Thursday ahead of the company making it official that co-founder Jack Dorsey will be the tech company’s permanent CEO, according to a report Wednesday.
Twitter‘s stock price continues to decline. Mark Zuckerberg’s social network recently announced that one in seven people on Earth had logged in on a single day.
Twitter may be about to end its three-month hunt for a new CEO by asking current interim chief executive officer and company co-founder, Jack Dorsey, to take on the position permanently, according to Re/Code. The Twitter investor said it is not a “hypothetical...
Social media giant Twitter gave investors a rude shock, when shares of the company dropped well below 5% in yesterday’s round of midday selling and buying. (TWTR) continued their downward march Monday hitting an all-time low of $28.91 in response to earnings. The...
On average, Twitter had 316 million monthly active users in the second quarter, up 15 per cent year-over-year but up less than 3 per cent from the first quarter of this year. Analysts expected earnings of 4 cents per share.