Twitter Stock Rises On Report That CEO Jack Dorsey Will Step Down

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Gene Maddaus Senior Media WriterThom Davis, the longtime head of IATSE Local 80, announced on Sunday that he will be stepping down at the end of the year, a local official told Variety.Davis, who has served as business manager since 1998, was a strong supporter of the new IATSE Basic Agreement, which was narrowly approved by the 13 West Coast IATSE locals in an unusually contentious vote last month.

reviewed by The Washington Post.In a company-wide email, Agrawal announced a major reorganization of the San Francisco-based company following the Monday departure of former CEO Jack Dorsey.

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A new chapter for Twitter. Jack Dorsey, the cofounder of the company, announced his resignation from the social media giant on Monday, November 29.

pic.twitter.com/G5tUkSSxkl— jack⚡️ (@jack) November 29, 2021 Dorsey then listed Bret Taylor becoming the company’s board chair and the Twitter team’s capabilities as additional reasons for his leaving.

Dorsey, 45, will remain on Twitter's board of directors until next year.

Twitter CEO Jack Dorsey is expected to step down as an executive at the company, a new report claims.

Todd Spangler NY Digital EditorJack Dorsey resigned as CEO of Twitter, saying the social network “is ready to move on from its founders,” the company announced Monday.Dorsey, 45, also serves as CEO of payment company Square — and some investors, including hedge fund Elliott Management, had wanted Dorsey to exit as chief executive of Twitter so the social media company could have a CEO fully focused on Twitter.Twitter said its board of directors unanimously appointed Parag Agrawal, currently