{"id":89324,"date":"2021-11-30T04:44:25","date_gmt":"2021-11-30T03:44:25","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=89324"},"modified":"2021-11-30T04:44:25","modified_gmt":"2021-11-30T03:44:25","slug":"twitter-co-founder-jack-dorsey-resigns-as-ceo","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/twitter-co-founder-jack-dorsey-resigns-as-ceo\/","title":{"rendered":"Twitter Co-Founder, Jack Dorsey, resigns as CEO"},"content":{"rendered":"<div id=\"m22001\" class=\"mail-message expanded\">\n<div class=\"mail-message-content collapsible zoom-normal  \">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\" style=\"text-align: justify;\">Twitter Co-Founder, Jack Dorsey, has resigned as Chief Executive Officer, CEO, of the firm after 16 years at the social media company, to be replaced by chief technology officer, CTO, Parag Agrawal.<\/div>\n<div dir=\"auto\" style=\"text-align: justify;\">\nMeanwhile, Twitter\u2019s shares rose 11% after the news broke.<\/div>\n<div dir=\"auto\" style=\"text-align: justify;\"><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\">The company said Dorsey would step down immediately, but remain on the board until Twitter\u2019s stockholder meeting in 2022.<\/p>\n<p>Dorsey said: \u201cI\u2019ve decided to leave Twitter because I believe the company is ready to move on from its founders.<\/p><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\"><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\">\u201cMy trust in Parag as Twitter\u2019s CEO is deep. His work over the past 10 years has been transformational.<\/p>\n<p>\u201cI\u2019m deeply grateful for his skill, heart and soul. It\u2019s his time to lead,\u201d said Dorsey.<\/p><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\">\nHis replacement<\/p>\n<p>Agrawal has been with Twitter for a decade and served as CTO since 2017.<\/p>\n<p>\u201cI want to thank the board for their confidence in my leadership and Jack for his continued mentorship, support, and partnership,\u201d said Agrawal.<\/p><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\"><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\">In his most recent tweet on the site, posted Sunday, Dorsey wrote: \u201cI love Twitter.\u201d<\/p>\n<p>In an email to staff on Monday Dorsey wrote that after 16 years at the company, it was time to leave.<\/p><\/div>\n<div dir=\"auto\" style=\"text-align: justify;\">\n\u201cThere\u2019s a lot of talk about the importance of a company being \u2018founder-led\u2019.<\/p>\n<p>\u201cUltimately I believe that\u2019s severely limiting and a single point of failure,\u201d he wrote.<\/p>\n<p>\u201cI\u2019ve worked hard to ensure this company can break away from its founding and founders.\u201d<\/p>\n<p>Dorsey said Agrawal was his preferred choice for CEO. \u201cMy trust in him as CEO is bone-deep,\u201d he wrote. \u201cI want you all to know this was my decision and I own it.\u201d<\/p>\n<p>Dorsey, 45, co-founded the microblogging site in 2006 and posted the world\u2019s first tweet: \u201cJust setting up my twttr.\u201d<\/p>\n<p>He co-founded Square in 2009 after being pushed out of the top job at Twitter before returning as chief executive of the social media company in 2015.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Twitter Co-Founder, Jack Dorsey, has resigned as Chief Executive Officer, CEO, of the firm after 16 years at the social media company, to be replaced by chief technology officer, CTO,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":89325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-89324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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