Twitter CEO Jack Dorsey has introduced he’s leaving the social media platform that he helped begin.
In a tweet Monday, Dorsey, 45, mentioned he was leaving the corporate after 16 years and Parag Agrawal, chief technical officer, might be taking his place.
“I would like you all to know that that is my choice and I personal it,” he mentioned in a memo to employees, which he shared on the platform.
“It was a tricky one for me, after all. I really like this service and firm … and all of you a lot. I’m actually unhappy … but actually completely satisfied. There aren’t many firms that get to this degree. And there aren’t many founders that select their firm over their very own ego. I do know we’ll show this was the precise transfer.”
Information stories started to flow into early Monday morning that Dorsey was stepping down from the social media large.
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A supply throughout the firm informed Reuters the corporate’s board has been making ready for Dorsey’s departure since final yr.
In his tweet, Dorsey additionally mentioned board member Bret Taylor was going to function chair of the board.
Dorsey’s departure comes as Twitter has accelerated the tempo of its product innovation over the previous yr to tackle rivals dwell Meta, previously often known as Fb Inc. and TikTok. Twitter can be aiming to achieve its purpose of doubling annual income by 2023.
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— with information from Reuters
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