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Twitter tells Jack Dorsey: you can't be CEO if you keep running Square

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Twitter is sending a loud message to its co-founder and interim CEO Jack Dorsey: if you want to be full-time CEO again, you're going to have to step away from Square.

"I’m Square CEO and that won’t change."

In a note to investors this morning, Twitter said that it will only consider CEO candidates "who are in a position to make a full-time commitment." It's almost certainly a response to Dorsey's firm comments about not leaving Square, the payments company that he co-founded after Twitter. "I’m Square CEO and that won’t change," Dorsey told Recode last week.

There's a lot that you can make of the comments, but the gist is that Dorsey is far from guaranteed the job. If both Twitter and Dorsey stand by what they're saying, then it would seem that Dorsey absolutely won't be the next full-time CEO. Of course, it's always possible that Dorsey will change his mind and offer to take a smaller role at Square or that Twitter will grow more comfortable with the idea of him running two companies at once. Nothing is set in stone, but, right now, Twitter wants investors to know that Dorsey doesn't meet its requirements.

Still no word on how Twitter's board feels about the beard.