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Jack Dorsey Steps Down As Twitter CEO

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Twitter co-founder Jack Dorsey has stepped down from his role as chief executive at the social media company. 

In a statement released, Dorsey confirmed that he would be stepping down from the role as he believes that’s it’s “severely limiting” for Twitter to be “founder led.”

“There’s a lot of talk about the importance of a company being ‘founder-led.’ Ultimately, I believe that’s severely limiting and a single point of failure,” he said.

Twitter Chief Technology Officer Parag Agrawal will replace Dorsey as CEO.

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Dorsey added that he will stay on Twitter’s board until at least early 2022, so that he can oversee the transition.

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