Twitter CEO steps down and Jack is back

The programmer who created one of the most popular social media companies, Twitter, is back. He is back as the CEO of Twitter. The market welcomes him with an 8% increase in the Twitter stock.

Twitter announced on thursday that Dick Costolo is stepping down as the CEO and Jack Dorsey the programmer who co-founded twitter is back as the CEO. The  39 year old Jack is known for his leadership and innovation. In 2012 The Wall Street Journal awarded him as the “Innovator of the year” award.

Outgoing CEO tweeted welcome to @jack.


 

There was a tweet from a Twitter executive that Dick got standing ovation from the team. Good luck to Dick and Jack with the hope that the new CEO will bring edit tweets functionality.