Twitter (TWTR) Stock Soars 9% on Report CEO Jack Dorsey to Step Down, Square (SQ) Up 3%

November 29, 2021 9:33 AM EST

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Shares of Twitter (NYSE: TWTR) are up 9% Monday after CNBC reported that CEO Jack Dorsey is expected to step down from his executive role.

Dorsey, who also acts as CEO of Square (NYSE: SQ), co-founded Twitter in 2006. He is estimated to be worth nearly $12 billion by Forbes.

Shares of Square are up 3.5% today. There’s currently no information about how Dorsey’s plans to resign as Twitter CEO will affect his Square position.

Including today’s move higher, Twitter stock price is still down 6% YTD.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Management Changes, Momentum Movers, Rumors, Trader Talk

Related Entities

Twitter