Jack Dorsey will step down as CEO of Twitter, the company announced Monday. He will be succeeded by CTO Parag Agrawal.
The big picture: Dorsey is also the CEO of financial payments company Square, which he co-founded in 2009, and has become a crypto evangelist in recent years.
Our thought bubble, via Axios’ Scott Rosenberg: Twitter’s messaging service was Dorsey’s idea 15 years ago, and he led the company through a period of endless controversy surrounding former President Trump’s use of the social media site as a personal megaphone.
– Today, the service sits at the center of the U.S. news ecosystem and has gathered much of the real-time energy of social media, but Twitter has never achieved anything close to Facebook’s financial success or scale.
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BREAKING: Jack Dorsey to step down as Twitter CEO https://t.co/ri07jvRs70
— Axios (@axios) November 29, 2021
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