Home » Jack Dorsey leaves Twitter, but it is unknown who will take his place

Jack Dorsey leaves Twitter, but it is unknown who will take his place

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Jack Dorsey would be ready to leave the leadership of Twitter, the social network he helped found over 15 years ago: the news, reported by cnbc.com around 3.30 pm Italian time, has not been commented by the company; at the moment Dorsey is also the chief executive of Square, a digital payment company.

The information on Dorsey’s probable farewell did make a Twitter’s stock jumped 11% to Wall Street in pre-opening and then by over 6% at the opening, reaching $ 50.01.

This is not the first time that there has been talk of the possibility of Dorsey leaving the company: shareholder Elliott Management had tried to replace him as Twitter Ad as early as 2020, but the investment company had reached an agreement with the management of the social network, again as reported by Cnbc. Elliott’s founder, billionaire Paul Singer, would not appreciate Dorsey leading two publicly traded companies and would like him to step down as CEO of one.

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There are currently no rumors of who could replace Dorsey, while Square’s stock rose 0.5% on the stock market.

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