Twitter surges on report that Dorsey will step down as CEO

Shares of Twitter are surging on a report that co-founder Jack Dorsey will step down as the company’s chief executive.

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

CNBC first reported that Dorsey may step down soon, citing anonymous sources.

Twitter Inc. did not immediately respond to a request for comment from The Associated Press early Monday. On Sunday, Dorsey sent the tweet “I love Twitter.”

Dorsey is also the top executive at Square, a financial payments company that he founded, and some big investors have openly questioned whether he can be effective leading both.

Twitter has faced some criticism from politicians recently. Former President Donald Trump was banned from Twitter, with Dorsey defending the move, saying the Jan. 6 Capitol riot and Trump’s tweets after the event resulted in a risk to public safety and created an “extraordinary and untenable circumstance” for the company. Trump sued the company, along with Facebook and YouTube,in July for alleged censorship.

Panorama Hispano is the regional news and information newspaper for Hispanic and other diverse communities.

US Hispanics are now the largest ethnic minority in the United States numbering 54.2 million as of July 2014. Serving: Buffalo, Rochester, Fredonia, Niagara Falls, NY and Erie, PA. Outside our Market area: Visit our affiliate at: http://www.impremedia.com/

Contact us: Contact@PanoramaHispanoNews.com

Featured News

Jul 5, 2022
New this week: ‘The Sea Beast,’ early Elton John, ‘Maggie’

MOVIES — Netflix’s “The Sea Beast” brings a “Moby Dick”-like tale down to kid size. The rollicking ocean adventure, directed […]

Read More
Jul 5, 2022
NY: Subastan dinosaurio de hace 76 millones de años

NUEVA YORK (AP) — El esqueleto fosilizado de un pariente del tiranosaurio que anduvo por la tierra hace unos 76 […]

Read More
Jul 5, 2022
Mexicano que cruzó la frontera es Comisionado en Nueva York

NUEVA YORK (AP) — Nacido en México, Manuel Castro cruzó la frontera de Estados Unidos por el desierto cuando era […]

Read More

popular categories

Copyright © 2022 Panorama Hispano News. All Rights Reserved.
crossmenuchevron-downmenu-circlecross-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram