Earlier, Jack Dorsey had dismissed reports of returning as the CEO of Twitter after Elon Musk’s takeover of the social media platform.
New Delhi: In a surprise move, former Twitter CEO Jack Dorsey has stepped down from the Twitter board putting an end to all the speculations by revealing that he would not return as the CEO of Twitter ever again.
Dorsey’s resignation came at a time when Elon Musk, who had decided to buy Twitter, put the $44 billion deal on hold for multiple reasons.
Dorsey is currently spearheading the financial payments platform Block, which was formerly known as Square. He resigned as the Twitter CEO in November 2021 without telling the exact reason behind leaving the company.
“After almost 16 years of having a role at our company, from co-founder to CEO to Chair to Exec Chair to Interim CEO to CEO, I decided it is finally time for me to leave. I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey had said about his resignation in an email to his employees.
Post Dorsey’s exit, Twitter CTO Parag Agrawal was elevated as the CEO of the company. Agrawal, an IIT Bombay alumnus, joined Twitter 11 years ago after briefly working at AT&T, Yahoo, and Microsoft. In 2017, he became Twitter’s CTO. Dorsey was all praises for Agarwal in his exit email to the employees.
Earlier, Dorsey had dismissed the reports of returning as the CEO of Twitter after Elon Musk’s takeover of the social media platform.
In the beginning of May, almost a week after Tesla CEO Elon Musk took over Twitter, uncertainty prevailed over the future of the incumbent team and CEO Parag Agrawal. According to media reports, Musk is mulling to replace him, legal head Vijaya Gadde and other team members as he has already lined up a new Chief Executive to lead Twitter. If reports are to be believed, Musk had showed no confidence in the company’s current management.