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Twitter CTO Parag Agrawal will replace Jack Dorsey as CEO

Tiger Newspress2021-11-29

Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately. Parag Agrawal, the company’s chief technology officer, will take over the helm, the company said Monday.

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.

Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders, the company said.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.

Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.

Dorsey, who co-founded the social media giant in 2006, served as CEO until 2008 before being pushed out of the role. He returned to Twitter as boss in 2015 after former CEO Dick Costolo stepped down.

Shares have jumped 85% since Dorsey took over as CEO Oct 5. 2015. Meantime, Square shares have surged 1,566% since its Nov. 19, 2015 initial public offering.

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评论27

  • KH321
    ·2021-11-30
    OK
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  • HENRYCSC
    ·2021-11-30
    Ok 
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  • JFK
    ·2021-11-30
    Like
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    • ILFTS
      Liked
      2021-11-30
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  • Pandachubby
    ·2021-11-30
    Lol
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  • andrewshum
    ·2021-11-30
    Like
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    • JFK
      Ok
      2021-11-30
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  • 飙高音
    ·2021-11-30
    Great ariticle, would you like to share it?
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  • HoSeyLiao48
    ·2021-11-30
    [吃瓜] 
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  • claratan
    ·2021-11-30
    Wow 👏 
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  • RicPuah
    ·2021-11-30
    Like pls
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    • RicPuah
      Ok
      2021-11-30
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  • PaladinSir
    ·2021-11-30
    Like me
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    • KK2021
      pls like bk
      2021-11-30
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  • JamesPang
    ·2021-11-30
    Please like and comment
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    查看更多 2 条评论
  • andrew123
    ·2021-11-30
    Omg
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  • LeonardKSW
    ·2021-11-30
    Wow
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  • Rudyy
    ·2021-11-30
    Like
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    • andrew123
      done like back
      2021-11-30
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  • koolgal
    ·2021-11-30
    The new CEO Parang Agrawal has big shoes to fill but as they say New Broom Sweeps Well!  Twitter to the moon! 🚀🚀🚀🌙🌙🌙
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    • koolgal
      Thanks
      2021-11-30
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    • KH321
      OK
      2021-11-30
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  • LionKingAir
    ·2021-11-30
    Yes
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  • 74rk
    ·2021-11-30
    hi please leave a like, thanks
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    • 74rk
      No prob
      2021-11-30
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    • andrew123
      done.like back
      2021-11-30
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    • fysx49
      ok
      2021-11-30
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  • Wallstrtbets
    ·2021-11-30
    Another ceca.
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    • 74rk
      Mmm
      2021-11-30
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  • 陈河马
    ·2021-11-30
    Be gone!
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  • james_l
    ·2021-11-30
    Imagine if u r the CEO and the stock ran up on the news that you left. How would that feel?..hehe
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    • KITkat
      By owning the shares, at least it is consolation prize.
      2021-11-30
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    • US_watchlist
      good
      2021-11-30
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