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...
A dual CEO role may seem like a stretch, but it appears momentum is gathering to endorse Dorsey to do just that. As recently as April, the stock traded above the $50 handle – the subsequent plunge in share prices helped instigate an eventual move in management. This week,...
“We think the slowdown in users sort of caught them by surprise”. As recently as April, the stock traded above the $50 handle – the subsequent plunge in share prices helped instigate an eventual move in management. In other words, Dorsey subtlety left the door...
The San Francisco-based social media company has been under the microscope from investors for months, as its stock has slipped and its top spot has remained empty.
Dorsey bought 31,627 shares of the firm’s stock on Friday for a total of $875,119, a filing with the U.S. Securities and Exchange Commission on Monday shows.
Twitter Inc. Interim Chief Executive Jack Dorsey edged up his stake in the social-media company, showing support as it maneuvers through a leadership transition and struggles to grow its user base.
Currently, according to reports, interim chief Dorsey, who has been running the company while the search for a new boss continues, is being considered for the role permanently with head of advertising Adam Bain also linked.
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...