Twitter co-founder Jack Dorsey has resigned as CEO

Twitter co-founder Jack Dorsey has resigned as CEO

American entrepreneur has been criticized by twin hats as the head of Twitter and online payment company Square. He has been replaced by Director of New Technologies Barak Agarwal.

The CEO of Twitter has resigned from the post of head of the social website. Confident CNBC This Monday, November 29. He leads Barack Agarwal, Director of New Technologies for Engineer and Company, through training since 2017. “The latter worked on the development of artificial intelligence and ‘machine learning’ within the organization.”

“I decided to leave Twitter because the company is ready to free itself from its founders”, Jack Dorsey explained in a statement taken by the American Channel. The IT professional and entrepreneur will be a member of the company’s board of directors until the end of his term in the spring of 2022. He did not give any other reason for his resignation.

Criticized for many years

Entrepreneurs led by Twitter have a long history. “Jack Dorsey, who co-founded the social media company in 2006, was in office until 2008 before being fired. Confirms the media. He then returned to the company as an employer in 2015, after the previous one left CEO Dick Costolo. “

But his return has earned him criticism in the business community. “At age 45, Dorsey was simultaneously the head of his online payment company, Twitter, and Square.” Accurate CNBC, To whom this double hat is controversial. Last year, Elliott Management, its founder Paul Singer, became a partner on Twitter, calling on Jack Dorsey to step down as chairman of one of its two companies.

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“I want everyone to know that I decided to leave on my own. Jack Dorsey posted in his press release, on his own social network. The future will prove that this is the right decision, I am sure. ” This Monday, the quote on Wall Street of Twitter increased before the pause.

Proof

CNBC

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About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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