LAST CHANCE:

Four passes left to attend the Digiday Publishing Summit

SECURE YOUR SEAT

Twitter appoints Jack Dorsey as permanent CEO, Dick Costolo resigns from board

It’s official: Jack Dorsey is Twitter’s new CEO.

Twitter’s board has decided to strip the ‘interim’ from his title, officially making him the chief executive of the platform effective immediately. Dorsey, who co-founded Twitter in 2006, will also remain as the CEO of e-commerce startup Square. The move comes nearly a week after Recode first reported the news.

“My focus is to build teams that move fast and learn faster,” Dorsey tweeted this morning. “In the past 3 months, we have increased our speed and urgency at both companies.”

He added:

Twitter has also elevated well-liked business head Adam Bain to COO. Since Dick Costolo stepped down in June, Bain’s name has been floating around as a potential replacement. However, he doesn’t seem burned by being passed over, tweeting that he’s “honored” to serve in his new role. Apparently advertisers are also thrilled with Dorsey’s appointment:

Costolo announced that he’s resigning from the board. He called Dorsey a “calm and thoughtful leader” and blasted the months of rumors circulating about the company, tweeting:

Twitter’s stock is up 2 percent in pre-market trading.

Images via Flickr/TechCrunch.

More in Media

WTF is Model Context Protocol (MCP) and why should publishers care?

Model Context Protocol (MCP) is a buzzword gaining more traction, especially as publishers think about how to prepare for the agentic web. WTF is it, and why should they care?

Publishers and advertisers face new AI agent oversight hurdles 

Who is really in control when agents are instructing other agents, and who is accountable if they make mistakes? That question is keeping some media and ad execs up at night.

Brands turn to Discord servers as a means to reach niche influencer channels in their own ‘communities’

Discord isn’t a broadcast platform – it’s built around tight-knit servers where people spend hours chatting, sharing, and building culture.