Twitter CEO Jack Dorsey to resign, according to CNBC report, sparking stock surge

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Twitter’s stock, which has consistently underperformed the market, jumped more than 10 per cent at the opening bell on Monday.

Twitter did not immediately respond to a request for comment from The Associated Press early on Monday (early Tuesday AEDT).

Mr Dorsey is also the top executive at Square, a financial payments company that he founded, and some big investors have openly questioned whether he can be effective leading both.

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