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Twitter New CEO

Twitter Finally Names a New CEO to Lead the Company

After a long four-month wait, Twitter's board of directors named Jack Dorsey, the original co-founder and former CEO, its permanent CEO.

Dorsey first came back into the role on July 1, when the company's third CEO, Dick Costolo, announced he would step down. All eyes in Silicon Valley were on Dorsey, as he juggled new responsibilities at Twitter, while remaining CEO of Square, a mobile payments technology company he started in 2010. Though Twitter filed this information with the US Security and Exchange Commission on Sept. 30, Dorsey himself broke the news on Twitter this morning.

This won't be the first time Dorsey will be in the position of CEO at Twitter, as he held the position from 2006 to 2008, until he was ousted. However, with Dorsey's leadership these past few months, faith in the company and Dorsey is back. He also believes he can lead Twitter and Square at the same time and produce amazing work and products.

As for Twitter, the company has had a troubled few years as its user growth remained stagnant and the company has tried again and again to figure out how to explain its own product to people. But, Dorsey hopes to change that and make it a worthwhile product again.

We'll see just how well Twitter and Square continue to fare as Dorsey takes on two CEO roles.

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