After Twitter's former CEO Dick Costolo resigned three months ago, the company entered a strange period of uncertainty. Clearly its board didn't want that to last too long, because interim CEO Jack Dorsey has been appointed as permanent CEO. An original founder and former CEO of Twitter, Dorsey will balance his new gig with his old one — CEO of mobile payments company Square — because apparently being the head of one hugely promising tech superpower isn't enough.
On a call with investors, Peter Currie, the Twitter board member who headed the search committee for a new CEO, stated simply that Dorsey impressed with his ability to balance the duties of both companies. "Over time, it became clear to us that Jack was not only meeting but surpassing our expectations of him as interim CEO while running Square," he said.
Dorsey was CEO of Twitter in its early days, but gave up that post to fellow co-founder Evan Williams in 2008 while sliding over to assume the role of board chairman. Williams, currently CEO of publishing platform Medium, served until 2010 until stepping down to focus solely on product decisions, appointing Costolo to take his place.
Although Twitter has more than 300 million active monthly users, it has struggled to pick up new ones as of late and translate its expansive network into attractive advertising opportunities and in turn revenue. Dorsey's return to the CEO role will see him take on intense pressure to deliver on fulfilling the potential he has repeatedly said the company has.
Here are some of Dorsey's comments on his new gig, naturally published via tweets:
Unfortunately, this effectively ends Snoop Dogg's campaign to become the next Twitter CEO. Sorry, Snoop.
Cover image: Wikimedia