Twitter's (NYSE: TWTR) board has been preparing for Dorsey to step down since last year - Reuters

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Twitter, Inc. (NYSE: TWTR) Delayed: 53.70 --0 (-0%)
Previous Close $53.70    52 Week High $26.70 
Open $0.30    52 Week Low $13.73 
Day High $53.70    P/E N/A 
Day Low $53.70    EPS $-0.18 
Volume 100,000