Twitter board supports CEO Dorsey on his new plan for the company

03.11.2020 - Petr Mazaylo
Twitter board supports CEO Dorsey on his new plan for the company

On Monday, Twitter’s (TWTR) board of directors announced that they support Chief Executive Officer Jack Dorsey on his new plans about the firm’s “current structure.”

“The committee expressed its confidence in management and recommended that the current structure remains in place,” the board stated in a regulatory filing.

According to the company’s statement, Twitter’s “significantly improving product” and financial stability during the third quarter climbed by 14% year-over-year to $936 Million.

In February, activist investor Elliott Management scrutinized Dorsey and attempted to oust him from his job. At the same time, Twitter had reached a deal with the investment firm, Silver Lake.

According to Refinitiv’s IBES data, the American microblogging and social networking platform had 187 Million monetizable daily active users (mDAU) during the third quarter, beating analysts’ expectations of 195.2 Million users.


Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?