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SAN FRANCISCO — Jack Dorsey plans to phase down as chief govt of Twitter, the social media web-site he co-established in 2006, two people today acquainted with his wondering stated. His departure arrives a 12 months and a half immediately after Mr. Dorsey survived an tried ouster from the activist investor Elliott Administration.
Mr. Dorsey could announce his departure as before long as Monday, a human being acquainted with the scenario said. The resource asked for anonymity simply because the plans, very first claimed by CNBC, are not nevertheless public. A Twitter spokeswoman did not react to a request for remark.
Mr. Dorsey, who is also the main govt of the payments enterprise Sq., was fired from the top rated job at Twitter in 2008 but returned in 2015.
His leadership has been questioned by workforce and investors who believed that he was unfocused and spent as well significantly of his time on Sq. and other enthusiasm tasks. Other workforce rallied close to him in the course of the 2020 endeavor to pressure him out, utilizing the hashtag #WeBackJack as a rallying cry.
This is a establishing story. Check out back again for updates.