Classics Twitter share closes after trade suspension with loss: Twitter boss Dorsey gives resignation

00:40  30 november  2021
00:40  30 november  2021 Source:   finanzen.net

Jack Dorsey resigned as a Twitter boss

 Jack Dorsey resigned as a Twitter boss Jack Dorsey (45) occurs with immediate effect as a Twitter boss. This has explained the co-founder of the popular social media platform on November 29th. After almost 16 years in several roles in the company, he decided "that it is finally time that I go". This declared Dorsey in an e-mail to the workforce, whose content he published at Twitter . © Frederic Legrand - Comeo / Shutterstock.com Jack Dorsey, here in 2019, is no longer the boss of Twitter in the future.

The Twitter share was on Monday in the focus of the investors - Twitter boss Jack Dorsey kicks back.

Hannelore Foerster/Getty Images © Provided by finanzen.net Hannelore Foerster / Getty Images

As the company confirmed on Monday afternoon, Twitter -ceo Jack Dorsey returns with immediate effect from his boss. Beerben will be the previous CTO Parag Agrawal. Previously, CNBC had reported on appealing to insiders about the upcoming resignation.

The Twitter shares in NYSE trade in a first reaction to the CNBC message already temporarily 10.79 percent higher at $ 52.15. In the further course, the paper was exposed to the announcement of a company report from the trade. Following the corporate confirmation, the trading of the papers was initially clearly on the plus until investor will take profits. In the end, it was 2.78 percent down to $ 45.76 downwards.

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also Square share on roller coaster trip

Dorsey is currently the Mobile Payment Company Square . Most recently, the entrepreneur had confronted with criticism of the hedge fund billionaire Paul Singer, which questioned whether Dorsey should lead both companies. The SQUARE share initially recorded at the NYSE in the plus until it increasingly used profit transactions - the papers went only 0.37 percent higher at $ 212.87 from trade.

Jack Dorseys Time at Twitter and beginnings of Square

Dorsey last since 2015 at the Twitter tip. He is considered the inventor of the short message service: Dorsey had discontinued the first tweet in 2006. He led the company in the early days from May 2007 to October 2008. After that he founded the payment service Square and stepped shorter at Twitter. Since returning to the Twitter peak, he has both led both companies at the same time - a double burden that triggered in some investors. Dorsey had to agree with business target brands to soothe them.

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Under his leadership, Twitter managed to largely come out of the long-term red numbers - even if last a comparative payment after an investor action caused a high loss. At the same time, Twitter comes with his business model where advertisers can bring for money tweets into the Timeline of users, not nearly the ad revenues of Metas Facebook.

in the US election campaign 2020 and the pandemic took a hard position against false information on vaccines and Donald Trump's claims under Dorsey, the victory in the race by the White House was stolen by fraud. Dorsey was therefore attacked by the Republicans in Hearings in the US Congress.

Twitter share limps competition after

Twitter lags behind the broad market for a while. While Twitter shares increased by 79 percent in the Dorsey term, the Technical Index NASDAQ 100 at the same time comes to a plus of 276 percent and the S & P 500 on a profit of nearly 150 percent, such as the Message agency BLOOMBERG CPRay.

On the stock market, Twitter currently brings to a market capitalization of around 40 billion dollars. Compared to other known TECHCONSERN, the pretty little. Redaction Finanzen.net / DPA-AFX

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