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Wednesday, October 14, 2015

Twitter names ex-Google executive Kordestani chairman, (NYSE: TWTR)

Twitter Inc appointed former Google executive Omid Kordestani as its executive chairman, holding good on a promise to appoint an outsider to work alongside co-founder Jack Dorsey in his second stint as CEO.Twitter's shares rose in early trading after Dorsey tweeted the appointment, but were down 1.4 percent at $28.65 by mid-morning. ( Dorsey's appointment as CEO last week, Twitter said it would look outside the company for a chairman to allay concerns about his dual role as head of mobile payments company Square Inc. Kordestani, 51, joined Google as its 11th employee in 1999 and stayed for 10 years. After a few years away, during which he was an adviser to the CEO, he returned full-time in October 2014 as Google's chief business officer.

Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. Shares of TWTR fell by 0.465% or $-0.135/share to $28.92. In the past year, the shares have traded as low as $21.01 and as high as $53.49. On average, 22567600 shares of TWTR exchange hands on a given day and today's volume is recorded at 14092224.