Jack Dorsey is Logging Off, Will Step Down as CEO of Twitter

  • by:
  • 03/02/2023

Twitter CEO Jack Dorsey is stepping down from his position Monday and will be replaced by Parag Agrawal, the company’s chief technology officer. 

Dorsey, who co-founded Twitter, will remain a member of the board until his term expires next year, according to the Wall Street Journal. He is also the CEO of payment company Square Inc. 

Shares of Twitter were halted Monday morning, but before the halt, the stock rose 3.4 percent following news of Dorsey’s departure. 

“I’ve decided to leave Twitter because 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. I’m deeply grateful for his skill, heart, and soul. It’s his time to lead.” 

Image: by is licensed under
ADVERTISEMENT

Opinion

View All

Elon Musk questions point of US mission to 'uphold democracy' in Ukraine as Zelensky refuses to hold election at the end of his term

Zelensky had last year warned that Ukrainian elections would not be held until the war with Russia wa...

EXCLUSIVE: Erik Prince predicts an internal power struggle breaking out in Iran

"There'll be people posturing for credibility and street cred amongst themselves."...

Elderly passenger dead, dozens injured after Singapore Airlines Boeing 777 hits 'sudden extreme turbulence'

Seven people are in critical condition, and 23 are being treated for less serious injuries....

Zelensky now ruling under martial law after suspending elections until after war

"For the Ukrainians, the priority is to win the war and then have an election. Therefore, they don’t ...