Twitter CEO Jack Dorsey Steps Down From Twitter

Twitter CEO Jack Dorsey steps down from Twitter

Technology

Jack Dorsey’s tweet includes a screenshot of the email he sent internally to company employees. In it, he says that Agrawal has been unanimously elected by the board to replace him. According to Dorsey, Agrawal was also his personal choice.

Why is he leaving? Dorsey says it’s “very restrictive” for Twitter to be a “founder-led” company. He says it was his decision to leave based on what’s best for Twitter. Dorsey will remain on the board until “sometime around May” to help with the transition and then leave with no further role in the company.

“My only wish is for Twitter Inc to become the most transparent company in the world,” he added at the end of his resignation email.

Twitter Announced CTO Parag Agrawal will replace Jack Dorsey as CEO.

That is, if the rumors about Jack Dorsey’s plan to resign are actually true. According to a report from CNBC, sources have told the media company that Twitter CEO Jack Dorsey plans to relinquish his leadership role at the popular social network.

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Dorsey has long been criticized by some Twitter shareholders for his dual-CEO role at both Twitter and the payment processing service Square. The two companies are huge in their respective industries, leaving many wondering how much time Dorsey is able to split between the two.

Dorsey is also regularly criticized for the content allowed on Twitter as a platform. The Southern Poverty Law Center (SPLC) released a scathing report over the summer, debunking Dorsey’s alleged connections to certain far-right figures who are still allowed to use Twitter. The SPLC series also points to the platform’s role in the events of January 6, when supporters of former President Trump violently stormed the Capitol Building in Washington.

This matter probably won’t get any better with Dorsey out of the picture. A major Twitter stakeholder leading the charge to replace Dorsey as CEO is Elliott Management. The company was founded by billionaire Paul Singer, a Republican mega-donor.

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Dorsey tweeted this recently. Maybe we shouldn’t like it too much? Or maybe we should?