Twitter CEO Jack Dorsey to step down: Sources

Twitter CEO Jack Dorsey will step down from his role and a successor has been lined up, a person familiar with the matter said.

Twitter Inc (TWTR.N) Chief Executive Officer Jack Dorsey will step down from his role and a successor has been lined up, a person familiar with the matter told Reuters. The company's board has been preparing for Dorsey's departure since last year, the source said. I love twitter

The news comes as Twitter has accelerated the pace of its product innovation over the past year to compete with social media rivals such as Facebook Inc (FB.O) and TikTok, and to reach its goal of doubling annual revenue by 2023.