Benzinga | Nov 30, 2021 04:02PM EST

Why Twitter Shares Are Rising

Twitter, Inc. (NYSE:TWTR) shares are trading higher following a CNBC report indicating the company's CEO, Jack Dorsey, is expected to step down from his role.

Twitter is an open distribution platform for and a conversational platform around short-form text, image, and video content. Its users can create different social networks based on their interests, thereby creating an interest graph.

Twitter's stock was trading about 10.6% higher at $52.05 per share on Monday at the time of publication. The stock has a 52-week high of $80.75 and a 52-week low of $44.40.