I resigned from Twitter
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I resigned from Twitter
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Re: I resigned from Twitter
#2 Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber.
Twitter stock jumped more than 11% on the news.
This is breaking news. Please check back for updates.
This whole thing is so bizarre
Re: I resigned from Twitter
#3Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock jumped more than 11% on the news. This is breaking news. Please check back for updates. ---- This whole thing is so bizarre
"This whole thing is so bizarre"
Why? He's been a part-time CEO whose focus has clearly been on Square. Having a full-time CEO focused on a company with as high a profile as Twitter makes a lot of sense.
Re: I resigned from Twitter
#4Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock jumped more than 11% on the news. This is breaking news. Please check back for updates. ---- This whole thing is so bizarre
"This whole thing is so bizarre" Why? He's been a part-time CEO whose focus has clearly been on Square. Having a full-time CEO focused on a company with as high a profile as Twitter makes a lot of sense.
It seems the stock is up on speculation they will get bought out by someone
Re: I resigned from Twitter
#5Earlier quoted context omitted.
"This whole thing is so bizarre" Why? He's been a part-time CEO whose focus has clearly been on Square. Having a full-time CEO focused on a company with as high a profile as Twitter makes a lot of sense.
It seems the stock is up on speculation they will get bought out by someone
Who would buy Twitter??
Re: I resigned from Twitter
#6Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock jumped more than 11% on the news. This is breaking news. Please check back for updates. ---- This whole thing is so bizarre
It’s been updated:
Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC's David Faber.
Twitter stock jumped more than 11% on the news.
Dorsey currently serves as both the CEO of Twitter and Square, his digital payments company. Twitter stakeholder Elliott Management had sought to replace Jack Dorsey as CEO in 2020 before the investment firm reached a deal with the company's management.
Elliott Management founder and billionaire investor Paul Singer had wondered whether Dorsey should run both of the public companies, calling for him to step down as CEO of one of them.
It's unclear who's set to succeed Dorsey. But if he steps down, the next CEO will have to meet Twitter's aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.
Twitter did not respond to a request for comment.
Re: I resigned from Twitter
#7I have no particular beef with Dorsey but I think this would make sense. He's been CEO of both Square and Twitter for years now and no matter what time you wake up in the morning or however many specials diets you undertake you're not going to be able to give the focus a solo CEO is.
I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist investors? I can't find a source right now but I remember at the time Fleets were launched (Twitter's since-removed version of Stories) that the feature was pushed heavily by investors rather than anyone inside the company. If that's true then the next CEO could be a true disaster.
EDIT: ah, there we are: https://pxlnv.com/linklog/twitter-fleets-elliott-management/, and a deeper read on Elliot Management: https://www.newyorker.com/magazine/2018/08/27/paul-singer-do...
Re: I resigned from Twitter
#8Re: I resigned from Twitter
#9Earlier quoted context omitted.
"This whole thing is so bizarre" Why? He's been a part-time CEO whose focus has clearly been on Square. Having a full-time CEO focused on a company with as high a profile as Twitter makes a lot of sense.
It seems the stock is up on speculation they will get bought out by someone
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