Twitter Gives Co-founder Jack Dorsey A 2nd Chance As Ceo

SAN FRANCISCO (AP) — Twitter is embracing Jack Dorsey as its CEO in hopes that its once-spurned co-founder can hatch a plan to expand the short messaging service's audience and end nearly a decade of financial losses. Twitter dumped Dorsey his first time around, but its board of directors now appears convinced he has the maturity to fix the problems that has caused the company's stock to lose nearly half its value in the past five months. Dorsey, 38, has already had dress rehearsal for the job, having become Twitter's interim CEO in July after former stand-up comedian and veteran entrepreneur Dick Costolo stepped down amid shareholder discontent. Dorsey might attempt to draw more traffic to Twitter and engage more people by lifting the 140-character limit that he originally imposed on tweets so they would fit under the restrictions imposed at that time on phone texting. Since Dorsey became interim CEO, Twitter already has already tossed out the 140-character limit private messages sent through Twitter.

Topics:  san francisco ap    jack dorsey   july   dick costolo   since dorsey   twitter   dorsey   ceo   co-founder   time   interim   imposed   limit   
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