Twitter CEO resigns

Twitter CEO resigns

Twitter CEO resigns, US Business News TV reports, Quoted from CNBC Special Resources. Although Jack Dorsey’s departure has yet to be officially confirmed, Twitter has meanwhile been suspended due to the expected announcement, their news portal writes.

Update 17:15: Shortly after CNBC’s original report It was officially confirmed by Twitter The passing of Jack Dorsey. The founder will be replaced by the current CTO, Parag Agrawal.






Jack Dorsey, CEO of Twitter, on June 4, 2021 at the Miami Bitcoin Conference.

Photo: Marco Bello/AFP

When CNBC first reported Dorsey’s possible departure, it was not yet clear who could replace the company. In any case, CNBC noted at the time that Dorsey’s successor would struggle, given the company’s ambitious plans. Twitter estimates that by the end of 2023, it will have 315 million “monetable” daily active users, and by the end of 2023, it will double its annual sales.

Dorsey was attempted last year to be replaced by Twitter’s top investor, Elliott Management, whose billionaire founder Paul Singer questioned whether Dorsey should really run both Twitter and the social media platform itself and its digital payment business. , Square.

As founder of Twitter, Dorsey was the company’s first CEO until 2008, when he was fired, which he then reinstated in 2015.

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