Jack Dorsey steps down as Twitter CEO; Parag Agrawal to replace him

The Chief Executive Officer (CEO) of micro-blogging platform Twitter, Jack Dorsey, has resigned from his post. He gave information about this by tweeting. Jack Dorsey tweeted, “not sure anyone has heard but, I have resigned from Twitter.” Chief Technology Officer (CTO) of Twitter, Parag Agrawal, will take over the role as CEO.

Jack Dorsey in his note to Twitter employees wrote: “After almost 16 years of having a role at our company from co-founder to CEO to Chair to Exec Chair to Interim CEO to CEO… I decided it is finally time for me to leave.”

Let us tell you that earlier Reuters had given information about the resignation of Jack Dorsey by quoting the source. The source had told that the company’s board was preparing for the last one year for Jack to leave Twitter. Let us tell you that Jack Dorsey did his last tweet on 28 November. He wrote in that tweet, “I love Twitter.”

It is noteworthy that CNBC was the first to report about this move of Jack Dorsey. Let us tell you that 45-year-old Jack Dorsey is showing a lot of interest in cryptocurrency these days. He has used the hashtag of bitcoin on his Twitter. Dorsey is also the CEO of Twitter as well as payment company Square Inc., which has been controversial last year.

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