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Twitter's Jack Dorsey steps down as CEO after 16 years at the social media giant

Video Credit: euronews (in English) - Duration: 01:39s - Published
Twitter's Jack Dorsey steps down as CEO after 16 years at the social media giant

Twitter's Jack Dorsey steps down as CEO after 16 years at the social media giant

Dorsey faced calls from Twitter stakeholder Elliott Management Corp to step down from one of the companies in early 2020.


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Jack Dorsey Jack Dorsey Technological entrepreneur, Twitter co-founder and former CEO

Elon Musk May Temporarily Take Over as Twitter's CEO After Acquisition [Video]

Elon Musk May Temporarily Take Over as Twitter's CEO After Acquisition

Elon Musk , May Temporarily Take Over , as Twitter's CEO After Acquisition. According to NBC, sources say Elon Musk may serve as Twitter's temporary CEO after completing his $44 billion takeover of the social media company. . According to NBC, sources say Elon Musk may serve as Twitter's temporary CEO after completing his $44 billion takeover of the social media company. . A May 5 SEC filing revealed that Musk had secured about $7.14 billion in equity commitments toward buying Twitter. . A May 5 SEC filing revealed that Musk had secured about $7.14 billion in equity commitments toward buying Twitter. . Contributions were reportedly , made by a number of, handpicked investors. . Contributions were reportedly , made by a number of, handpicked investors. . Those investors include Honeycomb Asset Management and Oracle co-founder Larry Ellison. . According to NBC, Twitter co-founder Jack Dorsey may also support Musk's takeover and could even contribute shares prior to the acquisition. According to NBC, Twitter co-founder Jack Dorsey may also support Musk's takeover and could even contribute shares prior to the acquisition. NBC reports that Twitter's current CEO, Parag Agrawal, has only been in charge of the company for a few months. . NBC reports that Twitter's current CEO, Parag Agrawal, has only been in charge of the company for a few months. . Last November, control of the company was handed over , by Twitter co-founder Jack Dorsey. During a company-wide town hall meeting with employees last month, Agrawal reportedly said that the future of the company was uncertain under Musk. Once the deal closes, we don’t know which direction the platform will go, Parag Agrawal, Twitter CEO, via NBC. According to Twitter's latest earnings report, the company has 229 million active daily users, up 15.9% from the same time last year.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Elon Musk Secures Over $7 Billion More in Twitter Funding [Video]

Elon Musk Secures Over $7 Billion More in Twitter Funding

Elon Musk Secures , Over $7 Billion More in Twitter Funding. CNBC reports that according to an SEC filing on May 5, Musk has procured another $7.14 billion from a group of investors to buy Twitter. Some of the investors include Oracle co-founder Larry Ellison... . ... and Saudi Arabian Prince Alwaleed bin Talal Al Saud, who initially objected to the buyout but has seemingly been convinced to invest. ... and Saudi Arabian Prince Alwaleed bin Talal Al Saud, who initially objected to the buyout but has seemingly been convinced to invest. Qatar Holding and Vy Capital are part of the investor group as well. CNBC reports that according to the filing, Musk's margin loan has been reduced to $6.25 billion. His financing commitment was also updated to $27.25 billion. CNBC reports that Musk will continue talking with Twitter shareholders, including Jack Dorsey, in an attempt to contribute shares to the acquisition. CNBC reports that Musk will continue talking with Twitter shareholders, including Jack Dorsey, in an attempt to contribute shares to the acquisition. On May 5, Twitter shares were up about 2.9% before the opening bell. Still, shares remain below Musk’s offer of $54.20 as investors are unsure if the deal will actually go through

Credit: Wibbitz Top Stories    Duration: 01:30Published
Jack Dorsey Calls Twitter's Board of Directors the 'Dysfunction of the Company' [Video]

Jack Dorsey Calls Twitter's Board of Directors the 'Dysfunction of the Company'

Jack Dorsey , Calls Twitter's Board of Directors the, 'Dysfunction of the Company'. On April 16, Twitter cofounder Jack Dorsey called out the social media platform's board, claiming , “it’s consistently been the dysfunction of the company.”. On April 16, Twitter cofounder Jack Dorsey called out the social media platform's board, claiming , “it’s consistently been the dysfunction of the company.”. The comment reportedly came in response to another user's tweet. . Venture capitalist Gerry Tan originally posted, "The wrong partner on your board can literally make a billion dollars in value evaporate.". Venture capitalist Gerry Tan originally posted, "The wrong partner on your board can literally make a billion dollars in value evaporate.". It is not the sole reason behind every startup failure, but it is the true story a surprising percentage of the time, Gerry Tan, via Twitter. Dorsey's comment came in reply to another user's comment on the tweet. . If [sic] look into the history of [the] Twitter board, it’s intriguing as I was a witness onits early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if [sic] it could be made into a Hollywood thriller one day, Twitter user, via Yahoo. If [sic] look into the history of [the] Twitter board, it’s intriguing as I was a witness onits early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish if [sic] it could be made into a Hollywood thriller one day, Twitter user, via Yahoo. In response to this, Dorsey tweeted, “It’s consistently been the dysfunction of the company.”. In November, Dorsey stepped down as the Twitter's CEO. According to a Twitter news release from last year, Dorsey will remain a member of the company's board, "until his term expires at the 2022 meeting of stockholders.". According to a Twitter news release from last year, Dorsey will remain a member of the company's board, "until his term expires at the 2022 meeting of stockholders.". The comment by Dorsey comes after Twitter announced a limited duration shareholder rights plan should they want to ward off Elon Musk's $43 billion offer to buy the company. . The comment by Dorsey comes after Twitter announced a limited duration shareholder rights plan should they want to ward off Elon Musk's $43 billion offer to buy the company. . Yahoo reports that shares in Twitter have risen roughly 15% since Musk announced his 9.2% stake in the company on April 4. . Yahoo reports that shares in Twitter have risen roughly 15% since Musk announced his 9.2% stake in the company on April 4.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Twitter Announces Long-Awaited Plan for Adding an Edit Feature [Video]

Twitter Announces Long-Awaited Plan for Adding an Edit Feature

Twitter Announces, Long-Awaited Plan for Adding, an Edit Feature. It's been a, big week, for Twitter. . On April 4, news broke that billionaire Elon Musk had purchased a massive $3 billion stake in the company. On April 4, news broke that billionaire Elon Musk had purchased a massive $3 billion stake in the company. CNET reports that shortly after, Musk asked fans in a Twitter poll if they would like to see the platform add an edit feature. . CNET reports that shortly after, Musk asked fans in a Twitter poll if they would like to see the platform add an edit feature. . On April 5, the social media platform revealed that Musk would be joining the company's board of directors. . The next day, Twitter announced solid plans for the platform's long-talked-about edit feature. . CNET reports that the feature has been in development for the last year. . The new feature will first be tested on Twitter Blue. . Twitter Blue is a subscription service that lets users undo tweets and read ad-free articles. . Despite users asking for the edit feature for years, former Twitter CEO Jack Dorsey said that the platform would "probably never" add one in a 2020 interview. . Despite users asking for the edit feature for years, former Twitter CEO Jack Dorsey said that the platform would "probably never" add one in a 2020 interview. . CNET reports that the big announcement comes just days after Twitter joked about adding the feature in an April Fools' Day post. . CNET reports that the big announcement comes just days after Twitter joked about adding the feature in an April Fools' Day post. . Musk's massive purchase of Twitter stock reportedly projected the Tesla CEO to the number one spot on the 'Forbes' annual World's Billionaire List. . Musk's massive purchase of Twitter stock reportedly projected the Tesla CEO to the number one spot on the 'Forbes' annual World's Billionaire List. . Prior to falling to the number two spot, Amazon CEO Jeff Bezos had topped the list as the world's richest person for four years. . Prior to falling to the number two spot, Amazon CEO Jeff Bezos had topped the list as the world's richest person for four years.

Credit: Wibbitz Top Stories    Duration: 01:30Published
Elon Musk Becomes Twitter's Biggest Shareholder With $2.9 Billion Stock Purchase [Video]

Elon Musk Becomes Twitter's Biggest Shareholder With $2.9 Billion Stock Purchase

Elon Musk, Becomes Twitter's Biggest Shareholder, With $2.9 Billion Stock Purchase. Tech billionaire Elon Musk has purchased a huge $3 billion stake in Twitter. . Tech billionaire Elon Musk has purchased a huge $3 billion stake in Twitter. . 'The Guardian' reports that Musk had indicated interest in building his own social media platform just last week. . According to filings made with the U.S. Securities and Exchange Commission, Musk now owns a 9.2% stake in Twitter. . Comparatively, that is over four times the 2.25% stake held by Twitter founder Jack Dorsey. Comparatively, that is over four times the 2.25% stake held by Twitter founder Jack Dorsey. Musk is one of Twitter's top 10 most popular users in the world with over 80 million followers on the platform. Musk is one of Twitter's top 10 most popular users in the world with over 80 million followers on the platform. We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter, Dan Ives, Analyst at Wedbush Securities, via 'The Guardian'. We would expect this passive stake as just the start of broader conversations with the Twitter board/management that could ultimately lead to an active stake and a potential more aggressive ownership role of Twitter, Dan Ives, Analyst at Wedbush Securities, via 'The Guardian'. 'The Guardian' reports that after news of Musk's purchase broke, shares in Twitter rose as much as 26% in pre-market trading. . The jump added over $8 billion to the $31.5 billion market value of the microblogging site. . According to 'The Guardian,' that almost immediately increased the value of the shares purchased by Musk to approximately $3.6 billion. . Musk has amassed a personal fortune of about $289 billion, almost $100 billion more than the world's second richest man, Amazon founder Jeff Bezos. . Musk has amassed a personal fortune of about $289 billion, almost $100 billion more than the world's second richest man, Amazon founder Jeff Bezos.

Credit: Wibbitz Top Stories    Duration: 01:31Published

Twitter, Inc. American communications company

Tesla CEO Elon Musk will not join Twitter board, says CEO Parag Agrawal | Oneindia News [Video]

Tesla CEO Elon Musk will not join Twitter board, says CEO Parag Agrawal | Oneindia News

Last week, Twitter's CEO Parag Agrawal announced that billionaire Elon Musk would be a part of Twitter’s board. #ElonMusk #ParagAgrawal #Twitter

Credit: Oneindia    Duration: 01:31Published
Twitter Announces Elon Musk Will Join the Company's Board of Directors [Video]

Twitter Announces Elon Musk Will Join the Company's Board of Directors

Twitter Announces, Elon Musk Will Join, the Company's Board of Directors. Twitter Announces, Elon Musk Will Join, the Company's Board of Directors. ABC reports that Elon Musk will join Twitter's board of directors. The news comes just one day after the world's richest man purchased a 9% stake in the social media platform. . On April 5, Twitter Inc. said in a regulatory filing that Musk's term on the board will expire at the company's 2024 annual shareholder meeting. . According to the agreement, Musk won't be able to purchase more that 14.9% of Twitter's outstanding stock while serving on the board or for 90 days after. . According to the agreement, Musk won't be able to purchase more that 14.9% of Twitter's outstanding stock while serving on the board or for 90 days after. . Twitter CEO Parag Agrawal shared his support for Musk joining the social media company's board. . He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term, Parag Agrawal, Twitter CEO, via ABC. On April 4, Musk purchased 73.5 million shares in Twitter, estimated at about $3 billion. . Shares of Twitter rose more than 6% in pre-market trading. . In the past, Musk has openly questioned Twitter's dedication to free speech and the First Amendment. Musk has yet to specifically discuss any rule changes that he intends to push at Twitter, though he did tweet that he is looking to make , "significant improvements to Twitter in coming months!". Musk has yet to specifically discuss any rule changes that he intends to push at Twitter, though he did tweet that he is looking to make , "significant improvements to Twitter in coming months!". ABC reports that Musk is currently involved in a bitter dispute with the SEC regarding his ability to post on Twitter. ABC reports that Musk is currently involved in a bitter dispute with the SEC regarding his ability to post on Twitter. According to Musk's legal team, the SEC has infringed on the billionaire's First Amendment rights. . According to Musk's legal team, the SEC has infringed on the billionaire's First Amendment rights.

Credit: Wibbitz Top Stories    Duration: 01:31Published

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