BREAKING: Jack Dorsey Is Expected To Step DOWN!
This Monday, reports say that Jack Dorsey, CEO of Twitter, will step down from his position with the company he founded in 2006.
He shared this statement: “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders.”
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He shared the news on Twitter, and while he is stepping down, Dorsey will still serve on the board.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack⚡️ (@jack) November 29, 2021
The stock has increased more than 11% after this news. Dorsey is the CEO of Square, a digital paying platform.
Parag Agrawal serves as Twitter’s Chief Technology Officer, and he will take the helm at the social media company. Twitter has “aggressive internal goals.”
Twitter seems to have more than 3 million “monetizable daily active users,” and these numbers will increase.
In the past few years, Dorsey has had a controversial tenure at Twitter. Dorsey defended this decision but confessed that it set a dangerous precedent.