Chief Executive Jack Dorsey is expected to step down from his executive role, according to reports from multiple sources.
Dorsey and Twitter’s board are said to have already settled on his successor, whose name the sources are yet to identify.
The company’s board is said to have been preparing for his departure since last year.
In his last tweet on November 28, Dorsey wrote “I love twitter”.
I love twitter
— jack⚡️ (@jack) November 28, 2021
The likes on that tweet have since surged to more than 55k.
As of the publishing of this post, Twitter was yet to make a comment.
Earlier this year, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund argued he was paying too little attention to Twitter while also running payments processing company Square Inc.
He, however, fended off the pressure by giving Elliott and buyout firm Silver Lake Partners seats on Twitter’s board.
Dorsey made Twitter a household name but has also been blamed for destroying free speech especially in the United States.
He banned the country’s former President Donald Trump from the platform over controversial premises January 2020.