Why did Jack Dorsey leave Twitter? CNBC reported on Monday morning that Twitter CEO Jack Dorsey was stepping down.
Dorsey later verified that this was a resignation.
Dorsey, 45, was the company’s first CEO and co-founded Twitter in 2006.
In 2008, he became chairman of the board before returning to his previous position as executive chairman in 2011.
In 2015, he was named temporary CEO, and after a few months, he was promoted to permanent CEO.
His tenure as CEO has been eventful.
He’s facing a lot of blowback because of the platform’s hate speech and harassment.
A Twitter shareholder nearly forced the billionaire out due to the company’s poor performance.
Twitter is a much smaller company than Facebook, and it is under a lot of pressure to grow.
In recent years, the program has undergone a number of significant improvements, including increasing the size of tweets and adding audio chat rooms.
It’s unknown whether the departure was amicable.
Dorsey, on the other hand, stated in a statement that he quit of his own will.
“There’s a lot of discussion about how important it is for a firm to be ‘founder-led,'” he wrote.
“I’ve worked hard to guarantee that this firm can break away from its origins and founders,” says the ceo.
“I want you all to know that this was my decision, and I own it,” he continued.
“Of course, it was a difficult task for me.
“I adore this service and company, as well as all of you. ”
” I’m both sad and happy at the same time. There aren’t many businesses that achieve this degree of success.”
“nd there aren’t many entrepreneurs that prioritize their firm over their ego.
I’m confident we’ll show that this was the proper decision.”
“I adore twitter,” Jack said in his most recent tweet, which he sent one day before announcing his retirement.
Dorsey stated that he wants former CTO and colleague Parag Agrawal to take over as CEO.
He also stated that following his departure, he wants Twitter to change for the better.
We’ve reached out to Twitter for comment, and we’ll update this article if we hear back.
After Twitter, where is Jack Dorsey going?
Dorsey hasn’t said anything yet, so it’s unclear whether he’ll be the next to depart.
The digital mogul is still the CEO of Square, a payments company valued at approximately $100 billion on the stock market.
He’s been interested in philanthropy and has a lot of bitcoin interests.
Is Twitter’s Jack Dorsey switching to Bitcoin?
Many people believe Dorsey is quitting Twitter to concentrate on Bitcoin and other cryptocurrencies.
The single word in the San Francisco resident’s Twitter bio has been Bitcoin for a long time.
Dorsey also released a white paper describing his decentralized Bitcoin exchange earlier this month.
tbDEX is the project’s name, and it’s being promoted by Dorsey’s other firm, Square.
In the long run, it’s probable that Dorsey wants to concentrate on his cryptocurrency activities.
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