Founder-led firms are winners. Except Twitter

05 December 2021 - 00:00 By Thyagaraju Adinarayan and Jeran Wittenstein

From Elon Musk’s Tesla to Reed Hastings’ Netflix, tech firms led by their founders have mostly beaten the broader market by a huge margin. Twitter has always been an outlier.

News this week that Jack Dorsey is stepping down as CEO of the social media company comes after the stock rose just 63% during the co-founder’s six-year tenure...

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