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Twitter rose on news that Jack Dorsey will step down as CEO



shares excitement your co-founder is rising on a report Jack Dorsey CEO of the company will step down.

excitementIts stock, which has consistently underperformed the market, jumped more than 10% on Monday’s opening bell and trading was halted pending the news.

CNBC reported for the first time Dorsey He may resign soon, citing anonymous sources.

Twitter Inc. He did not immediately respond to a request for comment from The Associated Press early Monday. Sunday, Dorsey He tweeted “I love” excitement

Dorsey He is also a senior executive at Square, a financial payments company. he was established, and some major investors openly questioned it. he It can be effective in both.

excitement has faced some criticism from politicians recently. Former President Donald Trump banned excitement, with Dorsey He defended the move, saying the Capitol riot of January 6 and Trump’s tweets after the event posed a risk to public safety and created an “extraordinary and indefensible situation” for the company.

Trump filed a lawsuit against the company in July, along with Facebook and YouTube, alleging censorship.





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