Twitter chief govt Jack Dorsey is predicted to step down, CNBC reported on Monday, citing sources. Shares of the microblogging platform gained 10% in premarket buying and selling.
Twitter was not instantly out there for remark. In his final tweet on 28 November, Dorsey mentioned: “I love Twitter”.
In early 2020, Dorsey confronted calls to step down from Elliott Management Corp, the hedge fund arguing he was paying too little consideration to Twitter whereas operating funds processing firm Square Inc.
Dorsey resisted this strain by giving Elliott and his affiliate, buyout agency Silver Lake Partners, seats on Twitter’s board.
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With inputs from TheIndianEXPRESS