We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Jack Dorsey Expected to Step Down as C.E.O. of Twitter
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Business > Jack Dorsey Expected to Step Down as C.E.O. of Twitter
Business

Jack Dorsey Expected to Step Down as C.E.O. of Twitter

By Editorial Board Published November 29, 2021 3 Min Read
Share
Jack Dorsey Expected to Step Down as C.E.O. of Twitter
29economy briefing dorsey1 facebookJumbo

In March 2020, Elliott Management struck a deal with Silver Lake, one of Silicon Valley’s biggest investors in technology companies, that allowed Mr. Dorsey to remain at Twitter. The deal also gave Jesse Cohn, the Elliott executive who oversaw the Twitter campaign, a seat on Twitter’s board. Mr. Cohn joined a five-member committee that led a review of Twitter’s C.E.O. succession planning.

Last November, that committee completed its review, saying that it had “updated the C.E.O. succession plan in line with best practices,” according to a regulatory filing, laying a path for the transition. Twitter’s stock began to climb, and in February, Mr. Dorsey announced an ambitious plan to double Twitter’s revenue by the end of 2023. The company also sped up its product pace, releasing new features like audio chat, newsletters, tipping and other updates.

Elliott’s Mr. Cohn stepped down from Twitter’s board in June.

“Our collaboration with Jack and the company for the past two years has been productive and effective,” Mr. Cohn and Elliot Management senior portfolio manager Marc Steinberg said in a joint statement. They also praised Mr. Agrawal and incoming board chairman Bret Taylor, saying: “We are confident that they are the right leaders for Twitter at this pivotal moment for the company.”

But some of Twitter’s stock market gains have slipped away in recent months, with the stock now worth roughly the same as it was a year ago. In the third quarter, Twitter said its revenue grew 37 percent from a year ago, to $1.28 billion, but it incurred a loss of $537 million.

Legislators have demanded that Twitter do more to address misinformation and hate speech on the platform, while others have accused Mr. Dorsey of censorship and argued that Twitter should allow more content to remain online.

The moderation issues have been a persistent irritation for Mr. Dorsey. He had envisioned Twitter as a platform for free speech and bristled at the idea of removing content, especially from world leaders and other newsworthy figures.

Mr. Trump’s incendiary tweets tested Mr. Dorsey’s stance. Twitter at first compromised by labeling some of Mr. Trump’s tweets as misinformation, before finally removing his account.

TAGGED:Agrawal, ParagAppointments and Executive ChangesDorsey, JackMobile Commerce and PaymentsSocial MediaSquare IncThe Washington MailTwitter
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Crime Stoppers: Assist resolve Lansing crimes

Crime Stoppers: Assist resolve Lansing crimes

Michigan
July 10, 2025
Candace Parker: From prime prospect to WNBA champion with three groups

Candace Parker: From prime prospect to WNBA champion with three groups

In 2000, whispers of a 13-year-old phenom from Naperville, Ailing. — a Chicago suburb —…

July 10, 2025
Gaza everlasting ceasefire ‘questionable’, says senior Israeli official

Gaza everlasting ceasefire ‘questionable’, says senior Israeli official

A senior Israeli official has issued a less-than-optimistic evaluation of the permanency of any ceasefire…

July 10, 2025
Bulgaria Adopts The Euro And Abandons Financial Sovereignty | Economics

Bulgaria Adopts The Euro And Abandons Financial Sovereignty | Economics

Bulgaria’s adoption of the euro is a significant step towards abandoning its remaining sovereignty. The…

July 10, 2025
‘Big Boys’ Membership’: ‘I never wanted to cheat on my husband’

‘Big Boys’ Membership’: ‘I never wanted to cheat on my husband’

LANSING, Mich. (WLNS) – Megan Symonds was assigned to the Lakeview Put up of the…

July 10, 2025

YOU MAY ALSO LIKE

A pub a day to shut this yr, business physique warns because it requires reduce to tax burden

An business physique has warned that the equal of a couple of pub a day is about to shut throughout…

Business
July 10, 2025

What’s a wealth tax, how wouldn’t it work within the UK and the place else has one?

The concept of a wealth tax has raised its head - but once more - as the federal government makes…

Business
July 9, 2025

Trump fires tariff threats at extra nations as EU ‘prepared for all eventualities’

Donald Trump has revealed a listing of extra nations set to face delayed 'liberation day' tariffs from 1 August.He has…

Business
July 9, 2025

Larger danger to UK economic system following Trump’s tariffs, says Financial institution of England

The way forward for the UK economic system is weaker and extra unsure attributable to President Trump's tariffs and battle…

Business
July 9, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?