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Twitter Founder Jack Dorsey to be CEO for 2nd Time: Report

Twitter may be about to hire co-founder Jack Dorsey as its permanent CEO three months after he took over the job on a temporary basis.

The technology news site Re/Code says Dorsey's appointment could be announced as early as Thursday morning. The report posted Wednesday cited unnamed people.

Twitter declined to comment. Its shares climbed nearly 3 percent in afternoon trading.

If Dorsey is anointed as Twitter's CEO, it would mark his second reign at the San Francisco company that he helped start in 2006. He was Twitter's original CEO until he was ousted in 2008 in a coup engineered by another company co-founder, Evan Williams.

Although Twitter is among the world's best known technology companies, it still hasn't posted a profit and its user growth has been slowing.

Copyright AP - Associated Press
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