Twitter listing suspended on Wall Street pending announcement of possible resignation of Jack Dorsey

The price of the shares of the social network Twitter was suspended on Monday pending an announcement, the electronic exchange reported Nasdaq.

A few minutes before, the CNBC network reported that the CEO of the social network Twitter, Jack Dorsey, he would resign his position.

Shares of the micro-messaging platform rose 10% in pre-opening operations.

Twitter was not immediately available for comment.

In early 2020, Dorsey faced requests for Elliott Management Corp for him to step down, after the hedge fund argued that he was paying too little attention to Twitter while also running payment processing company Square Inc.

Dorsey defended himself against this pressure by giving Elliott and his ally, the procurement company Silver Lake Partners, posted in the Twitter directory.



Reference-www.eleconomista.com.mx

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