Twitter may be about to hire co-founder Jack Dorsey as its permanent CEO three months after he took over the job on a temporary basis. The technology news site Re/Code says Dorsey's appointment could be announced as early as Thursday morning. The report posted Wednesday cited unnamed people. Dorsey is also CEO of mobile payment service Square, a job he has repeatedly said he intends to keep as he prepares to take that San Francisco company public too. The headquarters of Twitter and Square are located a block from each other, making it more convenient to shuttle back and forth between the two companies.Costolo stepped down from his role beginning July 1Appointment could be announced as early as Thursday morningDorsey also expected to remain CEO of payment firm Square
Costolo had been _'s CEO for five years and led the company through a successful stock market debut in 2013. Costolo has agreed to cancel all of his remaining unvested equity in _ after July 1 as part of today's deal. 'Sources added that there is likely to be some shake-up of the board too, most immediately the departure of _ as a director,' it claims. The company he helped found and now leads on an interim basis said Monday that it is only considering candidates who can make a 'full-time commitment to _.' _'s adjusted earnings were 7 cents, better than 4 cents analysts expected, Selerity said in another tweet.