Jack Dorsey Stepping Down as Twitter CEO

Shares of Twitter (NYSE: TWTR) were sent downward Monday morning, after news broke that the social media platform’s CEO Jack Dorsey will be stepping down.

According to a company announcement, Dorsey will be abdicating his post as CEO effective immediately, and will be replaced by Twitter’s chief technology officer, Parag Agrawal. Dorsey, who also currently serves as the CEO of his payments company Square, will still remain a Board member until his term ends in 2022.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement, stopping short of further elaborating on the reasoning behind the sudden departure. Dorsey, who co-founded Twitter, was already once fired from the top position in 2008, only to return in 2015.

Dorsey has also faced an onslaught of criticism as of late, with both employees and investors questioning his dedication to the social media platform, alleging that he was focusing too much of his attention on other endeavours, including Square and other passion projects.


Information for this briefing was found via twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Elon Musk Voted Out As Twitter Chief In His Own Poll

Twitter CEO Elon Musk likes his decisions (at least, most of them) done through a...

Monday, December 19, 2022, 07:34:40 AM

Twitter Begins Ad Revenue Sharing with Creators, Showing Payouts As High As Over $100K

Popular creators on Twitter will soon receive their long-awaited payouts as part of the platform’s...

Friday, July 14, 2023, 10:29:00 AM

New SEC Lawsuit Claims Elon Musk Delayed Twitter Stake Disclosure, Saving Millions

A new lawsuit filed by the U.S. Securities and Exchange Commission against Elon Musk, the...

Wednesday, January 15, 2025, 02:12:00 PM

Jack Dorsey Leaves Bluesky Board, Unfollows Almost Everyone on X

Jack Dorsey, co-founder of Twitter, has left the board of Bluesky, a decentralized social network...

Wednesday, May 8, 2024, 07:51:34 AM

Elon Musk Challenges Twitter CEO Parag Agrawal To Public Debate On Bot Data

Elon Musk over the weekend issued a challenge to Twitter (NYSE: TWTR) CEO Parag Agrawal...

Monday, August 8, 2022, 12:38:00 PM