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Jack Dorsey to step down as CEO of Twitter, report says – CNET [CNET]
Twitter CEO Jack Dorsey is expected to step down as head of the social network, reported CNBC’s David Faber on Monday, citing unnamed sources. It’s unclear exactly when Dorsey will leave the role and who will be Twitter’s next CEO.
In addition to being the chief executive of Twitter, Dorsey is also the CEO of payments company Square.
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Twitter didn’t immediately respond to a request for comment.
The company’s stock spiked following the news, but settled some to be up more than 5% at the time of this report.
More to come.
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