Jack Dorsey to Step Down as Twitter CEO

Written By Guest User

  • Sources from CNBC report that Jack Dorsey, CEO of Twitter who has entered the spotlight as a proponent of Bitcoin, is expected to step down from his role as head of the social media company.

  • Dorsey currently is the CEO of both Twitter and the digital payment company Square. There has been criticisms from investors, particularly from the Elliott Management investing group, that Dorsey should step down as CEO from one of them to improve the companies’ performance.

  • There is speculation that Dorsey could use this opportunity to focus on his new decentralized exchange (DEX) “tbDEX”.

  • Dorsey’s successor has yet to be named. The next CEO will have to meet Twitter’s aggressive financial goals such as doubling its annual revenue by 2023.

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