close

Twitter CEO Jack Dorsey expected to step down, says report; stock jumps

Shares of the microblogging platform surged 9% in early trading, while those of digital payments firm Square Inc, which is also helmed by Dorsey, were up 3%

Reuters
Jack Dorsey, Twitter
Premium

Twitter CEO Jack Dorsey | File photo

Twitter Inc Chief Executive Officer Jack Dorsey will step down from his role, a person familiar with the matter told Reuters.
Dorsey and Twitter's board have settled on his successor, the source said, without identifying the person by name.
The company's board has been preparing for Dorsey's departure since last year, the source added. The news comes as Twitter has accelerated the pace of its product innovation over the past year to compete with social media rivals such as Facebook Inc and TikTok, and to reach its goal of doubling annual revenue by 2023.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Or

Also Read

Instagram pauses Instagram Kids, eyes changes to access and content

Clubhouse may be working on 'Waves', a feature to invite friends to chat

Snapchat touches 100 mn users in India, eyes more localised experiences

Instagram to roll out 2 tools to protect teens from harmful posts

Explained: How the influencer industry changes with new ad norms

Satellite communications could improve quality of existing mobile networks

Australia to bring laws to force media platforms to unmask online trolls

Personal data bill not enough to protect citizens' rights: Advocacy group

Long term goal is to build ecosystem with creators ,listeners: Spotify

Italy's competition watchdog fines Apple, Google over $11 mn each

First Published: Nov 29 2021 | 8:15 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com