Jack Dorsey resigns as CEO of Twitter, Technology Director Appointed Substitute

by time news

Twitter shock: Jack Dorsey, CEO of the social network and its founders, announced (Twitter tweet of course) That he is leaving his post immediately. Parag Agrawal, who has so far served as the company’s chief technology officer, will now be appointed CEO.

The resignation process was conducted in complete secrecy and was therefore received with surprise. In a letter he published, Dorsey does not provide any specific explanation for the decision and timing of the decision, except for a general statement that he believes companies must shake off their “founding generation” in order to break new ground, and that his resignation is in fact a priority. The personal.

Indeed, Dorsey has been with Twitter for nearly 15 years, and in fact has served twice as CEO: first immediately after the company was founded, and then from 2015 until now. The 140-character limit that defined the service in its early years, however in the end Twitter did not really narrow the gap with Facebook and remained an almost marginal social network in comparison, when it comes to the amount of users.

Dorsey’s retirement from Twitter will allow him to focus on the second company he founded and managed at the same time, the payments venture Square.

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