New Delhi: Twitter CEO Jack Dorsey is set to resign from his executive role, reports revealed.
The Twitter stock increased by more than 11% as a result of the announcement.
Dorsey is presently the CEO of both Twitter and Square, his digital payments startup. Elliott Management, a Twitter shareholder, had attempted to replace Jack Dorsey as CEO in 2020 before reaching an agreement with the company’s management
Paul Singer, the founder of Elliott Management and a billionaire investor, had questioned whether Dorsey should oversee both public firms, pushing on him to step down as CEO of one of them.
This is a breaking news story. Will be updated soon.