Jack Dorsey, CEO of micro-blogging social media platform Twitter Inc. has resigned. It is learned that Jack Dorsey and the Twitter board have reached a consensus on the selection of a new CEO to replace him. The company’s chief technology officer, Parag Agarwal, has been appointed as Jack Dorsey’s successor. The Twitter board has been preparing to promote Dorsey as CEO since last year. No company spokesman has been available to comment on the news that Jack Dorsey is stepping down as CEO of Twitter.
Like Dorsey’s last tweet ..
News of Dorsey’s resignation as CEO of Twitter rose 11 percent at the start of the company’s script. Dorsey-led digital payments firm Square Inc rose three percent. In a tweet last Sunday by Jack Dorsey .. I mentioned that I love Twitter. This tweet was liked by over 54 thousand people on Monday. Leading channel CNBC has reported that Jack Dorsey is stepping down. .
Dorsey has been under pressure to step down since last year
Earlier last year, there was a strong demand for the removal of Jack Dorsey from Elliott Management Group. Elliott Management Group claims that he does not care much about Twitter. The payment processing company alleges that Twitter manages Square Inc. Accused. His resignation will take effect immediately and he will continue as director from 2022, sources said on Twitter.
