Twitter founder Jack Dorsey expected to step down as chief executive – reportson November 29, 2021 at 3:42 pm

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

The founder and chief executive will step down from leading the company, media reports say.

Jack Dorsey

Image source, Reuters

Twitter co-founder Jack Dorsey is expected to step down as chief executive of the company, according to media reports.

Mr Dorsey founded Twitter in 2006, and has been serving as chief executive of both Twitter and payment firm Square.

He had been under pressure from some investors to step down last year, in favour of a CEO with a single focus.

Twitter’s share price jumped slightly as rumours of his departure emerged.

Trading of shares on the stock exchange was temporarily halted as a result.

News of Mr Dorsey’s departure was first reported by CNBC on Monday, citing anonymous sources familiar with the matter. Reuters news agency separately reported it had been told the same.

On Sunday, Mr Dorsey had tweeted, apparently unprompted: “I love Twitter.”

1px transparent line

The 45-year-old co-founded the company with Biz Stone, Evan Williams and Noah Glass in 2006.

Mr Dorsey has, however, become the face of the company, having sent the earliest tweets on the service and due to his long tenure as chief executive.

He left the role of Twitter chief in 2008 and founded the digital payments app Square, which has also grown into a multi-billion dollar company.

However, he was brought back to helm Twitter in 2015 after then-chief executive Dick Costolo stepped down.

The role has seen him appear in televised inquiries before US politicians to be quizzed about his platform and its potential role in the spread of disinformation.

Calls for his departure came in 2020 from Elliott management, an investment firm which owns a significant amount of Twitter’s shares. The firm reportedly felt that a full-time chief executive with only one company to run would be better for Twitter’s fortunes.

But the two sides came to an agreement later last year which saw Mr Dorsey remain in his post.

- Advertisement -




England v South Africa: Maturing England produce their best performance of summeron August 28, 2022 at 9:17 am

England have pulled off some stunning victories this summer, but the mauling of South Africa was their best so far, says chief cricket writer...

UK YouTuber Benjamin Rich quizzed and fined at Russian space centreon May 8, 2022 at 6:18 pm

Bald and Bankrupt vlogger Benjamin Rich says he was questioned by Russian police in Kazakhstan.

Begum joined IS ‘with eyes open’, tribunal hearson November 24, 2022 at 2:22 pm

Lawyers defending stripping Shamima Begum's citizenship say her age at the time does not matter.Lawyers defending stripping Shamima Begum's citizenship say her age at...

Liz Truss under pressure from senior Tory MPs to rethink tax cutson October 13, 2022 at 12:17 am

Liz Truss has a bruising meeting with Tory MPs - with some warning she may need to rethink tax-cut plans.Image source, ReutersBy Ione Wells...

Brecon Beacons: George Linnane named as rescued caveron November 10, 2021 at 8:50 am

George Linnane was rescued after he was injured and stranded in a cave system for two days.Image source, South and Mid Wales Cave Rescue...