ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Zozo stock soars after president vows to lay off Twitter

Shares of the online apparel retailer climb 10% after the announcement

Yusaku Maezawa told Twitter Thursday that he would be not use the platform for a while to focus on his job as Zozo president.   © Reuters

TOKYO -- Zozo, operator of online clothing marketplace Zozotown, saw its share price rise steeply after President Yusaku Maezawa said on Twitter Thursday that he would take a break from the social media platform.

"I will focus on my main job. I will continue to challenge myself. I will definitely produce results. Please allow me to take a break from Twitter for a while," Maezawa posted on Thursday around 2 pm.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more