Twitter CEO Jack Dorsey to Step Down

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Twitter Chief Executive Officer Jack Dorsey is expected to step down from his role. 

A person familiar with the matter told Reuters Dorsey and Twitter’s board have settled on his successor, without identifying the person by name.

Twitter’s board has been preparing for Dorsey’s departure since last year. 

In his last tweet on November 28, Dorsey said: “I love twitter”. The likes on that tweet surged to more than 54,000 on Monday.

CNBC was first to report about Dorsey’s move.

In early 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued he was paying too little attention to Twitter while also running payments processing company Square. 

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