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Companies

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
Nikkei staff writers | Japan

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.

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