Twitter announced on Monday that Chief Executive Officer Jack Dorsey is stepping down and that Chief Technology Officer Parag Agrawal will take over as the company’s new CEO.
The selection of Agrawal, a 10-year Twitter veteran, reflects the company’s commitment to double yearly revenue by 2023, as well as a growing focus on Twitter’s long-term goal of reshaping how social media firms function. Dorsey, who co-founded Twitter in 2006, has been the CEO of both the company and the payment company Square.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack⚡️ (@jack) November 29, 2021
Mr. Agrawal joined Twitter in 2011 and has served as the company’s chief technical officer since 2017. With his nose ring, long beard, and wellness regimen that included yoga and eating only one meal a day, Mr. Dorsey defied business traditions.
Investors, on the other hand, felt he wasn’t giving Twitter the attention it deserved because he was also running Square.