Twitter shares rise after appointment of Omid Kordestani as executive chairman of the board
Twitter Inc. shares rose 3% Wednesday after the company announced in a tweet that it appointed Omid Kordestani as executive chairman of the board of directors. "Omid is a proven & experienced leader, who will directly help & coach me and our leadership, and help us recruit the best folks to Twitter," Twitter CEO Jack Dorsey wrote in a tweet. Kordestani was previously Google's chief business officer, according to a Google search. The appointment of Kordestani comes a day after Twitter announced the company would lay off up to 8% of its global workforce.
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