Twitter stock soars on news that CEO Dick Costolo is out

Twitter CEO Dick Costolo is stepping down, the company announced Thursday afternoon, and the stock shot up as much as 10%.

It’s currently hovering around 7.7%.

Cofounder Jack Dorsey will be the interim CEO.


NOW WATCH: Here’s what happens when you drop an Apple Watch face down on cement

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.