Twitter on Monday said its co-founder and Chairman Jack Dorsey will continue as the chief executive at the microblogging site. He served as Twitter’s president and CEO from May 2007 to October 2008 as well. When asked about the board’s prior statements about the CEO position being a full-time job, Currie said that Dorsey has a “particular gift for this role”. His other company, Square is also at a very critical stage having filed for IPO; hence it might be difficult for him to efficiently manage both the companies.







At present, Dorsey is interim CEO of Twitter, and Wall Street is wondering if he can realistically lead two companies that face plenty of challenges in their respective sectors. Dorsey will continue to serve on the Twitter board, but will no longer act as chairman. Dorsey is expected to take Square public in the coming weeks.

In a Tweet, Dorsey said they were “working to change the composition of the board”.

Twitter quickly become a global sensation after its launch in 2006, but the social media platform’s growth has slowed and it has yet to turn a profit.

Dorsey was Twitter’s first ever chief executive.

Dorsey has must ensure that Twitter’s steadily rising revenue begins to produce profits relatively soon.

Dorsey took to his own Twitter to break the news, saying his focus is to develop teams that move, learn and work fast, and that the plan is to focus Twitter’s “roadmap on a few things we can make really great”. Additionally, Costolo has resigned from the Twitter board, the filing said. That included making management changes to the company’s product team and a new initiative exploring how to extend Twitter’s messaging beyond 140 characters.

Jack Dorsey has announced that he is re-taking the reins of the social network that he helped build. Dorsey had been the interim CEO since it was announced that previous CEO Dick Costolo was stepping down in June of this year.

Problems possibly reached a breaking point amid the last earnings announcement in April in which the first quarter report released early before the markets closed, apparently sourced from the company’s investor relations website.

Jack Dorsey to Lead Both Twitter and Square