Founder-Led Firms Are Winners. Except Twitter

Twitter rose just 63% during six-year tenure of outgoing CEO
Software stocks in focus as Salesforce.com reports earnings

Jack Dorsey
Photographer: Eva Marie Uzcategui/Bloomberg

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By Thyagaraju Adinarayan and Jeran Wittenstein

November 30, 2021 at 12:15 PM UTC

Updated on

November 30, 2021 at 4:29 PM UTC

This article is for subscribers only.

From Elon Musk’s Tesla Inc. to Reed Hastings’ Netflix Inc., tech firms led by their founder have mostly beaten the broader market by a huge margin. Twitter Inc. has always been an outlier.

Monday’s news that Jack Dorsey is stepping down as chief executive officer of the social media company comes after the stock rose just 63% during the co-founder’s six-year tenure. That’s a far cry from the multi-fold gains in peers such as Facebook-owner Meta Platforms Inc. or Amazon.com Inc. on the NYFANG+ Index.