Jack Dorsey steps down as Twitter CEO
Jack Dorsey will soon step down as CEO of Twitter, according to message CNBC. Twitter shares jumped more than 10% on this post, but more details on who could be Dorsey's successor were unknown at the time.
A little later, Dorsey via his own Twitter account confirmed this news. CTO Parag Argaval will take over as CEO, Dorsey will remain on the board until the end of his term and then leave.
not sure anyone has heard but,
- jack (@jack) November 29, 2021
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
This isn't the first time Dorsey has stepped down as CEO of Twitter. Dorsey first served as CEO of the company until 2008, when he took over as chairman of the board of directors. Then, in 2015, he became interim CEO when Dick Costolo stepped down. A few months later, Dorsey was named permanent CEO.
Dorsey is also the CEO of Square, a financial services and digital payments company. Dorsey co-founded Square in 2009 and has since divided his time between the two companies.
A source: CNBC, @jack
Illustrations: 9to5mac
