Jack Dorsey will reportedly step down as Twitter's CEO
Jack Dorsey is reportedly logging off as CEO of Twitter.
The Twitter boss will soon announce that he's stepping down as CEO of the social media company, CNBC reported Monday. CNBC host David Faber said Dorsey is expected to step down "in the near term" but that it's unclear who will take his place. It also wasn't clear precisely when he will depart as CEO.
Dorsey, who co-founded Twitter, returned as CEO of the company in 2015 after the resignation of Dick Costolo. He is also the CEO of the digital payments company Square, and CNBC notes billionaire investor Paul Singer previously sought to remove Dorsey and suggested he shouldn't serve as the head of both companies.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Employees at Twitter have not "received any internal communications about" Dorsey's reported plans to resign and learned about it through CNBC's report, according to Axios' Sara Fischer. Twitter stock rose after the news was reported.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.
-
5 inflammatory cartoons on the L.A. wildfires
Cartoons Artists take on climate change denial, the blame game, and more
By The Week US Published
-
The problems with the current social care system
The Explainer The question of how to pay for adult social care is perhaps the greatest unresolved policy issue of our time
By The Week UK Published
-
Austria's new government: poised to join Putin's gang
Talking Point Opening for far-right Freedom Party would be a step towards 'the Putinisation of central Europe'
By The Week UK Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published