Jack Dorsey Stepping Down as CEO of Twitter

In Summary

 The cofounder of Twitter, Jack Dorsey, will be stepping down from his position.

Jack Dorsey, the co-founder of the well-known social networking app Twitter, is stepping down as CEO. The app’s chief technology officer, Parag Agrawal, will replace him.  

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement on Monday. “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.” 

Following his return to the company, Dorsey served as Twitter’s top executive for six years, according to CNN. Dorsey came back to assist in enhancing the business. While in his position, Dorsey was able to fulfill the company’s first billion-dollar quarter that allowed testing of new features on the app.  

“I want you all to know that this was my decision and I own it. It was a tough one for me, of course. I love this service and company… and all of you so much. I’m really sad… yet really happy,” Dorsey shared in a tweet. “There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego. I know we’ll prove this was the right move.” 

Dorsey initially became the CEO of Twitter in 2007 but was forced out of the position in 2008. He then came back as CEO in 2015.  

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