Jack Dorse to be the CEO of Twitter

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The decision regarding the appointment of a new CEO for Twitter has been made finally. Jack Dorsey, the co-founder of Twitter is expected to continue as the company’s chief which finally ends the tedious search for a top executive. According to reports from sources, the official announcement of the changeover from interim to the permanent chief executive at Twitter might be announced as early as tomorrow. Dorsey will continue to run digital payments service Square, which he founded about five years ago.

The company has been searching for a new leader since June 12 as Dick Costolo announced on that day about his resignation. Dorsey has been holding the job on an interim basis since July 1.Over the past three months, several reports had suggested that a decision was imminent, but Twitter itself has remained mum on the subject. Even though there was an increase in the revenue and engagement, Twitter has struggled to get over 300 million global user base. Moreover it has never made a profit.

 

 

 

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