Jack Dorsey, the once-ousted co-founder of Twitter, is expected to be named as the site's permanent chief executive as early as today.
Respected technology website re/code says Mr Dorsey will juggle his role as boss of payment company Square alongside the social network.
He was fired by Twitter's board in 2008, after presiding over endless '#failwhale' site outages.
A book called Hatching Twitter by Nick Bilton later claimed that he was a poor manager who handled criticism badly and took credit for ideas which were not his.
If he does return as permanent boss, people are likely to draw comparisons between him and Steve Jobs.
The Apple founder was booted out of the company he founded, only to return to take it to unprecedented heights.
Twitter has been hunting for a new boss since Dick Costolo stepped down in June, but repeatedly said that the role was a full-time job.
The statements suggested that Mr Dorsey - who took on the role on a temporary basis - was out of the race, as he'd said he would not step down from his role at Square for the Twitter role.
But reports say the board is in favour of making him permanent chief executive to reverse an apparent downturn in Twitter's fortunes.
In August its stock hit an all-time low, and key members of the firm's top team quit.
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