ADVERTISEMENT

Twitter announces co-founder as CEO for second time

In addition to being CEO of Twitter, Dorsey will also remain as CEO of Square, the mobile payments firm he founded when he left Twitter the first time.

Twitter Co-founder and newly announced CEO Jack Dorsey

Twitter founder, Jack Dorsey, has announced that he is re-taking the reins of the social network that he helped build.

Dorsey had been interim CEO since previous CEO Dick Costolo stepped down back in June. Twitter initiated a search committee after Costolo’s departure that included former Twitter CEO, Evan Williams, to find a new boss.

In addition to being CEO of Twitter, Dorsey will also remain as CEO of Square, the mobile payments firm he founded when he left Twitter the first time.

This will be Dorsey’s second term as CEO of the microblogging site after his first term ended abruptly with him being replaced by Evan Williams.

ADVERTISEMENT

Dorsey will have his work cut out for him as the company struggles to grow its active user base. During the company’s last quarterly results, Dorsey stated that the company needed to do a better job explaining what Twitter actually does.

Twitter has been experimenting with ways to keep new users engaged, experimenting with surfacing trending news items and buy buttons.

As he explains in his 140-character statement, Dorsey will be CEO of both Twitter and Square, with Adam Bain, Twitter’s current head of revenue and partnerships becoming the social site’s COO.

In addition to all of that, former CEO Dick Costolo, has resigned from the Twitter board and is no longer with the company.

ADVERTISEMENT

Twitter stock gained over five percent today when Re/code broke the story that Twitter would be announcing Dorsey as its permanent CEO before the official announcement.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Obama, Clinton support Biden at NYC fundraiser amid protests

Obama, Clinton support Biden at NYC fundraiser amid protests

Tinubu’s refusal to celebrate 72nd birthday marks great leadership - Rahman

Tinubu’s refusal to celebrate 72nd birthday marks great leadership - Rahman

Adamawa Police reaffirms ban on motorcycles in Yola

Adamawa Police reaffirms ban on motorcycles in Yola

You make bold decisions & live with consequences - Ondo Gov hails Tinubu at 72

You make bold decisions & live with consequences - Ondo Gov hails Tinubu at 72

170 electrical vandalism cases in 2 years, 100 charged to court - EEDC

170 electrical vandalism cases in 2 years, 100 charged to court - EEDC

Tinubu appoints Bello as chairman of code of conduct bureau

Tinubu appoints Bello as chairman of code of conduct bureau

Don't curse, condemn Nigeria in your sermons - Tinubu tells clerics

Don't curse, condemn Nigeria in your sermons - Tinubu tells clerics

Lagos postpones eagerly anticipated Easter boat regatta indefinitely

Lagos postpones eagerly anticipated Easter boat regatta indefinitely

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT