The co-founder and CEO of Twitter, Jack Dorsey, announced that he will finally be leaving the company after 15 years. “I have decided that it is time to go, it was difficult. I am really sad and yet really happy,” he said in a letter.
“I decided to leave Twitter because I think the firm is ready to cut the cord with its founders, “he said. Faced with this decision, the actions of the company They went up more than 11% in pre-market and then fell to 3% when the New York Stock Exchange opened.
In early 2021, who was also the CEO of Square was involved in a controversy with Paul Singer, founder of Elliot Management, a shareholder company of Twitter. In principle, the latter had questioned whether Dorsey should run two companies simultaneously.
In that line, Singer argued that the Square one paid very little attention to the company of Twitter, because he himself ran the online payments company and that is why he asked him to resign as CEO of Twitter. However, it turned out that an agreement was finally reached.
Words for Parag Agrawal
In his letter, Jack Dorsey dedicated a few words to his replacement and described him as “curious, inquisitive, rational, creative, demanding, self-consistent and humble.”
In this sense, he also assured that it was his choice for some time because of the “depth with which he understands the company and its needs.”
“He leads with heart and soul, and he’s someone I learn from every day. My trust in him as our CEO runs deep, “he concluded. Within minutes, Agrawal thanked the Board and his predecessor for their” continued mentorship, support, and partnership. ”
After your arrival at Twitter In 2011, Parag was appointed as Chief Technology Officer (CTO) in 2018. In that role, he acted as responsible for all technical strategy, machine learning and artificial intelligence.
