RTTNews | Nov 29, 2021 10:28AM EST

10:28 Monday, November 29, 2021 (RTTNews.com) - Shares of Twitter, Inc. (TWTR) gained over 3% on Monday morning driven by the news that the social media giant's Chief Executive Jack Dorsey is expected to step down.

TWTR is currently trading at $48.68, up $1.61 or 3.42%, on the NYSE. The stock has traded between $44.40 and $80.75 in the 52-week period.

According to CNBC, Dorsey, who currently serves as both CEO of Twitter and digital payments company Square, is expected to step down from his executive role.

Meanwhile, it is still not clear when the announcement will be made or who is set to succeed Dorsey.

Dorsey, who founded Twitter in 2006, initially served as the CEO of the company until 2008. He later returned to the top role in 2015 after former CEO Dick Costolo stepped down.

Read the original article on RTTNews ( https://www.rttnews.com/3245372/twitter-shares-gain-3-on-reports-of-ceo-jack-dorsey-to-step-down.aspx)

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