Jack Dorsey to step down as Twitter CEO | Technique

This announcement came shortly after the publication of the American “CNBC” website. indicate your exitCiting sources. When confirming the decision publicly on her Twitter profile, Dorsey joked, “I don’t know if everyone already knows, but… I quit Twitter.”

As Dorsey reported, He will be his successor on social network Parag Agrawal, who has held the position of Chief Technology Officer since 2017. The change of leadership is immediate.

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The co-founder will remain on Twitter’s board of directors until his term expires next year. He will continue to serve as CEO of the digital payments company Field, a job he held in conjunction with Twitter’s “chief” – which was generating pressure from investors to leave (read more below).

This isn’t the first time Dorsey has left a post on Twitter In 2008, two years after the company was founded, the billionaire was removed from the position for allegedly spending too much time doing yoga and taking fashion design lessons.

he just Back in 2015 During this period, the company was led by co-founder Evan Williams, who later transferred leadership to CEO Dick Costolo.

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In a letter to employees titled “Flight,” Dorsey said she has worked hard to get Twitter to separate itself from his organization and founders, believing it to be too restrictive.

In the message also posted on his profile, the billionaire also says he wants everyone to know that going out ‘It was his decision’ And he is “very sad…but very happy” because he understands that the time is right.

However, Dorsey has been coming for months Under pressure to quit driving Twitter In early 2020, investor group Elliott Management was to ask to leave, according to Reuters and Bloomberg news agencies.

Parag Agrawal joined Twitter as a software engineer in 2011.

The company’s chief technology officer since October 2017, has led the company’s technology strategy and Bluesky initiative, a team created in 2019 with the goal of developing a decentralized standard for social networks.

Dorsey was born and raised in St. Louis, Missouri on November 19, 1976. Like other big names in technology, he went to college but dropped out shortly before completing it.

He is among the 200 richest people in the worldAccording to Forbes magazine, he has a fortune of 11.7 billion US dollars and is famous for being an unconventional CEO – at the end of 2019, he said: I intended to live in Africa During part of 2020, her plans did not materialize.

Enthusiasts of Bitcoin cryptocurrency and blockchain technologies have sold the first post in Twitter history as a NFT for $2.9 million. The tweet – “I’m creating my Twttr account” – was posted on March 21, 2006, and still refers to the social network’s old name.

In an online hearing in the US House of Representatives on online misinformation, the CEO stole the show by displaying a Bitcoin watch. at that time too I got guilty Democratic Representative Kathleen Rice for ridiculing questions from members of Congress in a Twitter poll.

With Dorsey’s departure, this is the second major change of leadership at tech companies in recent months.

in a last July, Founder AmazonAnd Jeff Bezos, he quit his role as CEO of the online retail giant – but unlike Dorsey, he didn’t come under pressure from investors and decided to leave to pursue other endeavours, Like the space exploration company Blue Origin.