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- Jack Dorsey, the cofounder and public face of Twitter, will step down from his role as CEO, effective immediately, the company announced Monday. Dorsey will remain a member of Twitter’s board until at least next year. Parag Agrawal, Twitter’s chief technology officer, will take over as CEO.
www.cnn.com › 2021/11/29 › techJack Dorsey is stepping down as CEO of Twitter | CNN Business
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Nov 29, 2021 · 01:24. See More Videos. CNN —. Jack Dorsey, the cofounder and public face of Twitter, will step down from his role as CEO, effective immediately, the company announced Monday. Dorsey will...
- 2 min
Nov 29, 2021 · Nov. 29, 2021. SAN FRANCISCO — Jack Dorsey stepped down on Monday as chief executive of Twitter, the social media site he co-founded in 2006 and navigated through the tumultuous years of the...
Nov 29, 2021 · Joe Raedle/Getty Images. Jack Dorsey is stepping down as CEO of Twitter, the social media company he co-founded in 2006. He will be replaced by Twitter's chief technology officer, Parag...
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Jack Dorsey, who co-founded social media giant Twitter in 2006, is stepping down as CEO, he said Monday.
Dorsey, 45, will remain on Twitter's board of directors until next May, according to an email to staff that Dorsey tweeted. Twitter's chief technology officer, Parag Agrawal, will replace Dorsey as CEO effective immediately, the company said.
The announcement comes a year after an activist investor reportedly sought to replace Dorsey as CEO. However, the co-founder said the decision to step down "was my decision and I own it."
"I decided it's finally time for me to leave," Dorsey said in the staff email. "I'm really sad...yet really happy."
He didn't discuss what lies ahead for his career.
"I believe the company is ready to move on from its founders," Dorsey said in a press release. "My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational."
Dorsey's departure spells the end of his second tenure as CEO at the social-media service. He served as chief executive between 2006 and 2008, and began his second stint leading the company in 2015.
His time as CEO was marked by several headline decisions, including permanently banning former President Donald Trump. Dorsey defended the move, saying Trump's tweets after the January 6 Capitol riot resulted in a risk to public safety and created an "extraordinary and untenable circumstance" for the company. Trump sued Twitter, along with Facebook and YouTube, alleging censorship; the lawsuit is ongoing.
Early in the pandemic, Dorsey also made the call to allow all Twitter employees to permanently work from home.
Dorsey is leaving behind a mixed legacy. Under his leadership, Twitter became "a platform that's useful and potent for quick communication but one that's been exploited by a range of bad actors including former President Donald Trump," Paul Barrett, the deputy director of NYU's Stern Center for Business and Human Rights, told the Associated Press.
Twitter, which Dorsey, Evan Williams and Christopher "Biz" Stone co-founded in 2006, was initially a way for people to send updates to a small group using text messages. The first tweet sent by Dorsey on March 21, 2006, read "just setting up my twttr."
The San Francisco company went through a period of robust growth during its early years, but as its expansion slowed, Twitter began tweaking its format in a bid to make it easier and more engaging to use.
- khristopher.brooks@paramount.com
- 5 min
VDOM DHTML tml>. Twitter co-founder Jack Dorsey steps down as chief executive. Twitter co-founder Jack Dorsey steps down from leading the company, saying he's "ready to move on".
Nov 29, 2021 · By Olivia Solon and David K. Li. Twitter CEO Jack Dorsey will step down as head of the social media platform he co-founded a decade and a half ago, the company announced Monday.
Nov 29, 2021 · SAN FRANCISCO, Nov. 29, 2021 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the Board of Directors...
