Twitter Co-Founder Jack Dorsey Steps Down As CEO, Takes Subtle Shot At Zuck On The Way Out

Twitter Founder Jack Dorsey
In a startling announcement, Twitter co-founder and now-former chief govt officer Jack Dorsey is leaving the social media service just about in wholesale trend. He has already handed the reins to Parag Agrawal, who immediately assumed the position of CEO, and also will depart his spot on the board after his present time period expires in Might of subsequent yr.

Upon his departure in Might, Salesforce president and chief working officer Bret Taylor develop into chairman of the board, changing Patrick Pichette. Between the 2 (Agrawal and Taylor), Dorsey feels Twitter is in succesful palms to serve the social media house with out him being an element it. And him not being part of it’s key.

“There’s plenty of speak in regards to the significance of an organization being ‘founder-led’. Finally I imagine that is severely limiting and a single level of failure,” Dorsey mentioned in a message to posted to…(look forward to it)…Twitter. “I’ve labored arduous to make sure this firm can break free from its founding and founders.”

It is an attention-grabbing perspective, and one that isn’t all the time seen from individuals in his place. That is definitely true of Faceboo…er, Meta, the place it appears as if Mark Zuckerberg will ceaselessly be entrenched. And whereas Agrawal does not particularly point out Meta or Zuckerberg in his farewell announcement, he does seemingly take a parting shot of types.

“I imagine it is vital an organization can stand by itself, freed from its founder’s affect or route…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,” Dorsey says.

Therefore why he’s additionally leaving the board when his time period ends in 2022. However is there extra to it that what was acknowledged in his message? Dorsey additionally serves as CEO of Sq., a digital funds firm, which drew criticism final yr from funding companies Elliot Administration and Silver Lake, the previous of which initially tried to oust Dorsey earlier than a deal was reached.

None of that issues now, as Dorsey is leaving on what he claims is his personal accord, saying the choice to step down and depart “was my choice and I personal it.” He additionally says it was a troublesome one to make, and that he is each “actually unhappy” and “actually pleased,” which is comprehensible.

As for Agrawal, joined Twitter again in 2011 as a software program engineer, then ascended to the position of chief know-how officer in 2017. Earlier than Twitter, he fielded analysis roles at Microsoft, Yahoo, and AT&T.

This all raises the query, can we lastly get an edit button?

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