Teh One Who Knocks
11-29-2021, 03:44 PM
By Lucas Manfredi | FOXBusiness
https://i.imgur.com/EGrsH6ml.jpg
Twitter shares were halted after surging Monday following a report CEO Jack Dorsey is expected to step down from his role.
Dorsey co-founded Twitter with Evan Williams, Biz Stone and Noah Glass back in 2006 and served as CEO until 2008. He later returned to the CEO role in 2015 after former CEO Dick Costolo stepped down. He has a net worth of approximately $11.9 billion, according to real-time tracking by Forbes.
In addition to leading the social media giant, Dorsey serves as the CEO of Square, a financial payment company. His split duties have previously raised questions about his ability to suitably focus on issues facing Twitter.
Last year, billionaire investor Paul Singer’s Elliott Management launched a bid to oust Dorsey from his role. However, Twitter's board committee overseeing the review later recommended to keep Dorsey in the role.
A Twitter spokesperson did not immediately return FOX Business' request for comment. CNBC was first to report the developments.
https://i.imgur.com/EGrsH6ml.jpg
Twitter shares were halted after surging Monday following a report CEO Jack Dorsey is expected to step down from his role.
Dorsey co-founded Twitter with Evan Williams, Biz Stone and Noah Glass back in 2006 and served as CEO until 2008. He later returned to the CEO role in 2015 after former CEO Dick Costolo stepped down. He has a net worth of approximately $11.9 billion, according to real-time tracking by Forbes.
In addition to leading the social media giant, Dorsey serves as the CEO of Square, a financial payment company. His split duties have previously raised questions about his ability to suitably focus on issues facing Twitter.
Last year, billionaire investor Paul Singer’s Elliott Management launched a bid to oust Dorsey from his role. However, Twitter's board committee overseeing the review later recommended to keep Dorsey in the role.
A Twitter spokesperson did not immediately return FOX Business' request for comment. CNBC was first to report the developments.