Twitter Co-founder Jack Dorsey Steps Down As CEO

UK Lifts COVID Restrictions, Says Omicron Wave ‘Has Peaked’

Face masks will no longer be mandatory...

US Supreme Court Blocks Biden’s Workplace Vaccine Mandate

The US Supreme Court has blocked President...

10 Things We Learned From The Beatles: Get Back

Peter Jackson’s eight-hour documentary on the Fab...

2022 Beijing Winter Olympics: Answers To Some Big Questions

The 2022 Winter Olympics in Beijing are...

‘We Don’t Want Wars’: Russia Sends Less Hawkish Message on Ukraine

Russia on Friday sent its strongest signal so far that it is willing to engage with U.S. security proposals...

EIB Provides €500 000 Grant To Ensure Sustainable Future Of Urban Mobility In Niš

The European Investment Bank (EIB) has signed a cooperation agreement with the City of Niš in Serbia to finance...

Borrell: No Place In EU For Genocide And War Crimes Supporters

Josep Borrell, the European Union High Representative, after a meeting with Serbia's Prime Minister Ana Brnabic in Brussels, said...

How a Russian-Ukraine Conflict Might Hit Global Markets

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and...

Biden Warns Putin With Sanctions As West Steps Up Ukraine Defenses

U.S. President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades...

The long-time CEO of Twitter will be replaced by the company’s chief technology officer Parag Agrawal. In a letter, Dorsey said he was “really sad … yet really happy” about leaving the social media giant.

The CEO of social media giant Twitter, Jack Dorsey, will step down from the role, the company confirmed on Monday.

The company’s board, which had been preparing for Dorsey’s departure since last year, has unanimously appointed the current chief technology officer Parag Agrawal as his successor.

In a letter posted on his Twitter account, Dorsey said he was “really sad … yet really happy” about his decision to leave the company.

Dorsey also said that he sought to leave Twitter in order to give Agrawal “the space he needs to lead,” after a transition period that would last until May.

Parag credited with company’s turnaround

Dorsey’s departure comes at a time when Twitter has made headlines for its renewed pace of product launches, after years of criticism that the site had fallen behind larger rivals like Facebook and newer social media apps such as TikTok.

“Parag has been behind every critical decision that helped turn this company around,” Dorsey said.

The Twitter founder praised the fact that Agrawal had begun his career at the company as an engineer just 10 years ago and had climbed all the way up to CEO.

Agrawal said he was “honored and humbled” to be appointed the new CEO and thanked Dorsey for his “continued mentorship and friendship.”

Dorsey shuns ‘founder-led’ culture

Like many in Silicon Valley, from Mark Zuckerberg and Steve Jobs to Bill Gates, Dorsey dropped out of university to create Twitter. He left the company in 2008 but returned as CEO after Dick Costolo resigned in June, 2015.

Dorsey lashed out against companies being “founder-led,” calling it “severely limiting and a single point of failure.”

“There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego,” Dorsey wrote.

Source:, Photo: picture aliance/AP images

Related Articles

Russian Court Fines Google, Facebook Over Banned Content

Moscow has accused Google and Facebook's parent company Meta of failing to remove illegal content from their platforms. It's the latest blow against tech...

Twitter Bans Sharing ‘Private’ Images And Videos Without Consent

The policy doesn't apply to public figures for the most part, but there are exceptions. Twitter has expanded its private information policy to include media, banning users from...