Twitter CEO Jack Dorsey Stepping Down–New CEO Announced
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Twitter is making a massive change.
CNBC is now reporting that Twitter CEO Jack Dorsey is stepping down.
BREAKING: Twitter CEO Jack Dorsey expected to step down – sources (via @davidfaber) https://t.co/x8auhI1gv8
— CNBC Now (@CNBCnow) November 29, 2021
JUST IN – Jack Dorsey expected to step down as Twitter CEO (CNBC)
— Disclose.tv (@disclosetv) November 29, 2021
Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber.
…
Dorsey currently serves as both the CEO of Twitter and Square, his digital payments company. Twitter stakeholder Elliott Management had sought to replace Jack Dorsey as CEO in 2020 before the investment firm reached a deal with the company’s management.
Elliott Management founder and billionaire investor Paul Singer had wondered whether Dorsey should run both of the public companies, calling for him to step down as CEO of one of them.
UPDATE:
People on the right will probably celebrate this, but the censorship will almost certainly get worse when he's gone https://t.co/GZSjcTrAbm
— Matt Walsh (@MattWalshBlog) November 29, 2021
UPDATE-Successor is in place
Jack Dorsey and Twitter's board have settled on his successor
Twitter's board has been preparing for Dorsey stepping down since last year – @Reuters source$TWTR #twitter #dorsey— Global Markets Forum (@ReutersGMF) November 29, 2021
UPDATE- The new CEO will be Parag Agrawal
CNBC: Twitter CTO Parag Agrawal will replace Jack Dorsey as CEO
— Josh Caplan (@joshdcaplan) November 29, 2021
