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Twitter to Name Jack Dorsey Permanent CEO
- striking 11y agohttp://recode.net/2015/09/30/sources-jack-dorsey-to-be-named-permanent-twitter-ceo/ http://recode.net/2015/09/30/sources-jack-dorsey-to-be-named... is the source linked to in the article.
- dang 11y agoThank you. Url changed from http://www.bloomberg.com/news/articles/2015-09-30/twitter-to-name-jack-dorsey-ceo-re-code http://www.bloomberg.com/news/articles/2015-09-30/twitter-to..., which points to this.
- chollida1 11y agoThe chart looks interesting on this news. It shot to as high as 27.40 in the 30 second period after this was announced and then fell back to its original price level within 5 minutes. It looks like the machines like the news much better than the humans do:)
- bduerst 11y agoI wonder how many of those bots detected the others and shorted back to the original price at ~20s.
- ldayley 11y agoFrom a shareholders' perspective this is probably great news. But with Square looking to IPO soon they're likely going to have to find a new CEO also -- there is no way that investors will take them seriously if Jack is running two different companies in two different spaces.
- slowernet 11y agoBased on fiduciary responsibility to current Square shareholders, I can't believe he's allowed to do this.
- JonFish85 11y agoSquare isn't public so I imagine that the private stakeholders either are OK with him taking the job or aren't able to stop him (if he owns enough stock).
- bduerst 11y agoSince many B2C IPO strategies seem to benefit from generating media buzz, I can imagine the keyword tie-in to Twitter only helps. Also, the CFO is probably just as important if not more for getting the company ready for IPO.
- caseyf7 11y agoI bet he steps out of Square or sells it. Square is much less likely to price an IPO than people think.
- ececconi 11y agoElon Musk is the CEO of a public company (Tesla) and also the CEO of a private company (SpaceX)
- jonathankoren 11y agoI thought the conventional wisdom was that Twitter needed someone that wasn't usual suspects of Jack, Ev, and Dick. Also given the fact that Jack was specifically slighted with the "Twitter needs a full time CEO," remark, I can't see how this is anything good.
- yuhong 11y agoFrom https://twitter.com/SJosephBurns/status/640698530038943748 https://twitter.com/SJosephBurns/status/640698530038943748: "Twitter needs a CEO who is an @elonmusk with the Street and a @pmarca in the tweets. - @zerobeta"
- athenot 11y agoWould this be similar to Steve Jobs who served at Pixar and Apple at the same time? Or Elon Musk who simultaneously heads SpaceX and Tesla?
- yeukhon 11y agoDorsey admires Jobs a lot privately from what I read. Also legendarily I heard he runs between the two building days and nights, since Twitter & Square are literally next to each other.
- Reedx 11y agoElon maybe, but not Jobs. Jobs was Pixar's investor and an advisor, but he didn't run the company. http://alvyray.com/pixar/PixarMyth5.htm http://alvyray.com/pixar/PixarMyth5.htm Although Jobs originally wanted to buy/run Pixar and essentially turn it into Apple's competitor (this was post-Apple and pre-NeXT). It wasn't until Jobs was occupied with NeXT that the Pixar guys were comfortable bringing him in.
- flormmm 11y agoPerformance is all that ends up mattering at the end of the day. Both Apple and Pixar ended up as wild successes - so yes, Jobs could effectively run both (in hindsight). The futures for both Twitter and Square are not so sure. At face value, seems like a net positive for Twitter and a net negative for Square.
- spicyj 11y agoSteve Jobs didn't really run Pixar.
- adsenseclient 11y agoNo company run by hipsters will ever succeed.
- pan69 11y agoJobs was an investor in Pixar. He didn't run the company.
- kamilszybalski 11y agoSurprise, surprise.
- brianstorms 11y agoGiven it's Jack, the guy who obsessively imitates Steve Jobs, I wonder if we'll see this "interim CEO" (gee, wasn't Jobs that for a while in the 90s at Apple?) who becomes full CEO, eventually get Twitter to introduce a mobile hardware device to the market, in the hopes of continuing to go down the Jobs path, a la iPod.