Love is lovelier the second time around, or so sang Frank Sinatra famously. We’ll have to see if the phrase applies Twitter co-founder Jack Dorsey. Serving as interim CEO for the last three months, Dorsey is expected to be named the company’s new permanent CEO as early as Thursday. That’s according to re/code.
Dorsey will apparently continue to run Square, the payments company he founded where he’s also CEO, re/code said.
The appointment comes three months after Twitter CEO Dick Costolo stepped down amid investor concerns that Twitter’s growth rate was getting sluggish and the company’s was lagging regarding product development.
There have also been several noted departures from Twitter in recent months, including the company’s longtime chief of communications, Gabriel Stricker, who left the company in July.
Twitter’s stock price continues to decline. In day trading Thursday, Twitter’s stock price was hovering around $25, down about 50 percent from October 2014.
Should he get the nod, Dorsey certainly has his work cut out.
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