Jack reportedly stepping down from Twitter CEO role [TechCrunch Blog]
Meta Platforms, Inc. - Class A (FB)
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Source: TechCrunch Blog
CNBC reportedDorsey is the CEO of both Twitter and Square, a financial company that serves both consumer and corporate customers with payment, cash management and transference services.Twitter’s stock rose on the news that Dorsey may step down, trading up 6.1% as of the time of writing after giving up some early gains in the first minutes of the week’s trading cycle.The company did not immediately reply to a request for comment.For comparison purposes, Twitter is worth around $40 billion today. No small number, to be clear, but less than half the value of Square, which has a public-market worth of just over $99 billion.Runningonetwoattracted investor dissentA great product runTwitter’s leadership and product direction have received criticism over the years for being too conservative or too slow — or both. In recent quarters, however, Twitter’s ability to develop and ship new products and services has accelerated.Though Twitter’s functionality remained largely stagnant for years — save
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