It appears even Jack Dorsey has a personality restrict.
After greater than a yr and a half of stress from activist investor Elliott Administration, Mr. Dorsey will step down because the chief government officer of Twitter , the corporate stated Monday. Chief Know-how Officer Parag Agarwal will succeed Mr. Dorsey as CEO, efficient instantly, the corporate additionally stated, noting that Mr. Dorsey will stay a member of Twitter’s board till his time period expires subsequent yr. Twitter’s inventory was up instantly after the information, however misplaced steam later within the day.
