The image is from MARCO BELLO/AFP.
According to CNBC's David Faber, a number of different people are aware of the situation and Jack Dorsey is expected to step down as CEO of the company. He wasn't sure who might be brought in to replace him and he didn't know much else. The Verge reached out to the micro-blogging site.
Since 2015, the CEO of the company has been Jack Dorsey. New products and features have been rolled out in the past couple years. Not all of them have been hits, but they have suggested a transformation into a more flexible company.
The board didn't want to have a CEO. The board members of Square felt that the CEO of Square, Jack Dorsey, should be the one running the company. He won them over after serving as interim CEO. After founding the company and being forced out in 2008, it is the second time that Jack Dorsey has held the role of CEO.
In the past, activist investors have tried to force out the CEO of a company because of their performance. After reaching a deal with the firm, a board committee would be formed to evaluate the CEO succession plan.
The focus of the man is now tech beyond the core of the social network. He uses a lot of social media. He is still the CEO of Square. Last night, he said, "I love twitter."
I like to follow people on social media.
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November 28, 2021.
