TECH
09/30/2015 03:24 pm ET Updated Jan 10, 2017

Jack Dorsey To Be Named Permanent Twitter CEO: Report

The need to fix Twitter's growth problems appears to outweigh doubts over Dorsey's job juggling.

Jack Dorsey is about to be verified ― again.

Twitter’s interim chief could be named permanent CEO as early as Thursday, according to Re/Code.

The decision wouldn’t come as much of a surprise. Dorsey, who served as the first of Twitter’s three CEOs, took the helm July 1 after embattled CEO Dick Costolo stepped down. And though Dorsey has been relatively silent about his plans to take over permanently, most people outside and inside the company ― including investors ― appear to be behind him, according to The New York Times.

There have been concerns, however, that Dorsey wouldn’t be able to juggle Twitter’s problems ― slowing user growth and financial performance ― with his work as CEO of Square, the mobile payment company he founded.

Twitter’s CEO search committee said earlier this year that he’d likely have to choose between Square and the “full-time commitment” at Twitter, according to Re/Code. Dorsey’s camp has repeatedly said that he has no plans to leave Square, which is scheduled to hold its initial public offering in the fourth quarter of this year.

After all, it should be noted, Steve Jobs ran Pixar and Apple simultaneously, and Elon Musk runs both SpaceX and Tesla.

Yet all the fuss about Dorsey’s workload appears to be tangential for Twitter, whose stock plunged over the past few months and hit an all-time low in August. Meanwhile, advertisers are holding off on committing new marketing dollars to the company until a permanent leader and a plan for the future are named, the Times reported.

Twitter didn’t return calls for comment on Wednesday.

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