technology

Twitters m-cap surges $4 bn on news of Dorsey stepping down, later erases all gains

Twitters m-cap surges $4 bn on news of Dorsey stepping down, later erases all gains

Shares of Twitter jumped as much as 11% on Monday as the news of CEO Jack Dorsey stepping down surfaced. That amounted to a gain of $4.2 billion in market capitalisation, before trading was temporarily halted. However, the stock later erased its entire gain and ended nearly 3% lower. Indian-American Parag Agrawal was named as the companys new CEO..

technology 2021-11-30 Inshorts