Report: Twitter could name Jack Dorsey permanent CEO tomorrow

The wait for Twitter’s permanent CEO could come to an end Thursday.

Tech blog Recode, citing anonymous sources, reported Wednesday that Twitter founder and interim CEO Jack Dorsey is expected to get the permanent job and the announcement could come as early as tomorrow.

But not so fast, the tech blog reports, the timing could also change.

Dorsey, who returned to Twitter after CEO Dick Costolo stepped down in June, is also running Square, a mobile payment company that is expected to go public before the end of this year. Although Twitter’s board has signaled they want a full-time CEO, Dorsey is expected to keep both jobs, Recode reports.

“He even referred to the companies as his two children when discussing the dilemma,” Recode wrote, citing an anonymous source.

Since July, when Dorsey stepped into the interim role, the 38-year-old tech mogul has drawn support including from vocal investor Chris Sacca who wants him to get the permanent job.

Pressure to name a permanent CEO started to mount after the company’s stock dropped below its IPO price in August as the tech firm struggles to attract more users.

Adam Bain, the company’s head of revenue, was also in the running for the job, but has refused to take it if Dorsey wants it, Recode reported.

Twitter’s stock was up 2 percent at $26.13 per share after the news broke on Wednesday. The stock continued to climb and Twitter’s shares closed up 5.28 percent at $26.94 per share.

Photo Credit: AFP/Getty Images

 

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