Internet

Jack Dorsey steps down as Twitter CEO effective immediately

In an unexpected announcement, co-founder of Twitter Jack Dorsey has confirmed that he’s stepping down as CEO and (now, former CTO) Parag Agarwal will take over as CEO effective immediately.

Bret Taylor has now been appointed the Chair of Twitter’s board of executives, and Jack Dorsey will remain on Twitter’s board through May 2022 to aid in the transition after which Dorsey plans to leave Twitter. “I believe it’s critical a company can stand on its own, free of its founder’s influence or direction,” says Dorsey in his email.

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