Investing
Twitter, Apple and Airlines: Investments in the Spotlight
Bloomberg Wealth reviews assets that made a splash this week.
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On Monday Twitter Inc. co-founder and chief executive officer Jack Dorsey announced he would be stepping down as head of the company, ceding control to chief technology officer Parag Agrawal. The stock dropped 4% on Tuesday to close at its lowest level since November 2020, and is down 21% this year.
The announcement marks the end of Dorsey’s second stint as CEO. He left the role in 2008 before returning in 2015. During the latest stint, he oversaw an attempted sale of the company, the decision to ban then-President Donald Trump from Twitter and battled an effort by activist investors to remove him from the job