Twitter founder Jack Dorsey expected to step down as chief executive - reports

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According to media reports, Jack Dorsey is expected to step down as chief executive of the company.

Mr Dorsey founded and is the chief executive of both Square and the micro-payment firm, Twitter.

He was under pressure from some investors to step down in favor of a CEO with a single focus.

As rumour of his departure emerged, the share price of the micro-blogging site jumped slightly.

The stock exchange halted trading of shares.

CNBC reported on Monday that Mr. Dorsey's departure was first reported by them. The news agency was told the same.

On Sunday, Mr Dorsey had said "I love" on his account.

Biz Stone, Evan Williams, and Noah Glass co-founded the company.

The face of the company has been Mr. Dorsey, who has been the chief executive for a long time.

He left his job as the head of the micro-messaging service in 2008 and founded Square, which has grown into a multi-billion dollar company.

Dick Costolo stepped down as chief executive of the micro-blogging site in 2015.

He has appeared in televised inquiries before US politicians to be questioned about his platform and its potential role in the spread of misinformation.

The calls for his departure came from an investment firm that owned a lot of the company's shares. A full-time chief executive with only one company to run would be better for the company.

The two sides came to an agreement in the middle of last year, which kept Mr Dorsey in his post.

Companies.
Social media.
Jack Dorsey is a person.
There is a social media site called the Twitter.