Jack Dorsey to take over as interim CEO of Twitter as Dick Costolo resigns

Co-founder of twitter Jack Dorsey is following the footsteps of his Silicon Valley idol Steve Jobs, as he returns back to his job.

Dorsey, 38, on Thursday raised objections when asked during an interview whether he is interested in becoming Twitter's permanent CEO.

Dorsey in a reply said that the final decision is in hand of the search committee and they're going to look at internal and external candidates.

His return to the firm he helped create signals that Twitter is looking for a leader who can inspire confidence in the company's product vision, after a slew of leadership changes in the past five years, lowered its growth.

Dorsey's passion for Twitter, the social-media company which he helped start in 2006 with Evan Williams and Biz Stone, has been evident.

It was found that even while running Square Inc., a digital-payments company he co-founded in 2009, Dorsey has stayed active as Twitter's chairman, serving as adviser to outgoing CEO Dick Costolo, who took the top post in October 2010.

The duo met over dinner on Tuesdays at Zuni Café near the company's San Francisco headquarters.

Dorsey recommended that Twitter acquire Vine, the short-video sharing application, to complement Twitter's 140-character messages and helped oversee product development in 2011-2012 before leaving to focus on Square.

Dorsey said, "I have a lot of context for what the company's doing around the product and the service, and I don't anticipate any changes in strategy or direction".

According to a 2013 profile in the New Yorker magazine, Dorsey after losing his position in Twitter felt that he had something to prove.