Twitter chief executive Jack Dorsey is expected to step down from his position leading the social media company, CNBC reported, citing multiple sources.
It’s unclear exactly why Dorsey, who co-founded Twitter and currently serves as chief executive of financial technology firm Square, will step down, according to CNBC. Private equity firm Elliot Management previously attempted to oust Dorsey in 2020, the outlet reported.
It’s unclear who is set to succeed Dorsey, CNBC said. Twitter’s share price rose 11% following the news reports, according to CNBC.
Twitter unrolled several new features for its platform in recent months, including a feature called “Spaces” that allows users to communicate with one another in a voice chat mode. The social media company also released a feature called “Twitter Blue” which allows users to access media coverage through the Twitter platform.
Twitter did not immediately respond to the Daily Caller News Foundation’s request for comment.
This story is breaking and may be updated.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
A plurality of Democrats want their party to go further to the left on healthcare…
Americans’ confidence in the economy has dropped to a nearly four-year low, according to a…
Many pundits are predicting that the Democrats will enjoy huge successes in the November mid-term…
Elon Musk’s SpaceX filed to go public in what could become the largest initial public…
Democratic Virginia Gov. Abigail Spanberger is telling her fellow party members it is time to…
The House overwhelmingly passed a housing affordability bill Wednesday that would limit major investors from…