witter co-founder Jack Dorsey is confirmed new CEO

October 05, 2015 18:08

Twitter has named co-founder Jack Dorsey as chief executive officer, betting its co-founder and former leader will be able to revive its fortunes in a second spell at the helm.

The social-media company has failed to impress investors following its 2013 initial public offering, reports The Telegraph.

Photograph: Reuters

Dorsey, 38, will also keep his job as CEO of mobile-payments company Square Inc, the payments and financial services company he co-founded in 2009, Twitter said.The pick may make it easier to restore confidence at Twitter amid management turmoil and slowing growth; Dorsey has already been involved in its operations as interim chief.

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