Jack Dorsey Is Stepping Down as Twitter’s Chief Executive

A person who is familiar with the situation said that Jack Dorsey (the co-founder and chief operating officer of Twitter Inc.) has resigned.

Dorsey is 45 and also heads Square Inc., a payments company. He has recently been interested in crypto currencies more than ever.

CNBC first reported Monday’s news without giving any further details. Twitter couldn’t immediately be reached for comment.

At 9:47 AM in New York, Twitter shares rose 3.8%


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