Jack Dorsey steps down as Twitter CEO, Parag Agrawal named as new head

Jack Dorsey, the CEO and co-founder of Twitter, is believed to be preparing to step away from his role as the head of the micro-blogging app.

Following an early leak of the departure, ex-Twitter CEO Jack Dorsey has stepped down from his post. Following the report, Twitter's shares rocketed up 11%. Twitter has so far declined to comment on the matter.

This is Dorsey's second exit from the CEO role. In 2008, he moved from being a CEO to the board chairman, but then became interim CEO in 2015 following the resignation of Dick Costolo.

Parag Agrawal is the new company CEO. Agrawal joined Twitter in 2011, and was previously serving as the company's Chief Technical Officer

Bret Taylor has been promoted to Chairman of the Board.

Dorsey is still the CEO of payment platform Square. Investment firm Elliott Management sought to remove Dorsey as CEO in 2020, with firm founder Paul Singer calling for Dorsey to step down as CEO for one of the two public companies instead of heading up both.

not sure anyone has heard but,

I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack (@jack) November 29, 2021

Update November 29, 11:11 AM ET: Updated with confirmation of the departure from Dorsey himself.

52 Comments

maciekskontakt 1168 comments · 15 Years

About 2 years ago

I am touched. Wait a moment.I have never been on Twitter and left Facebook one year ago. Maybe changes to Meta and Dorsey leaving Twitter were result of that :D

sdw2001 17459 comments · 23 Years

maciekskontakt said:

I am touched. Wait a moment.I have never been on Twitter and left Facebook one year ago. Maybe changes to Meta and Dorsey leaving Twitter were result of that :D

I quit both earlier this year. Both are evil companies. I don't suspect this will improve Twitter at all. At Least Hipster Rasputin won't have his mug everywhere.

lkrupp 10521 comments · 19 Years

sdw2001 said:

maciekskontakt said:

I am touched. Wait a moment.I have never been on Twitter and left Facebook one year ago. Maybe changes to Meta and Dorsey leaving Twitter were result of that :D

I quit both earlier this year. Both are evil companies. I don't suspect this will improve Twitter at all. At Least Hipster Rasputin won't have his mug everywhere.

Apple is not exactly a saint either. Maybe not ‘evil’ per se but tiptoeing around it sometimes.

nicholfd 828 comments · 6 Years

lkrupp said:

sdw2001 said:

maciekskontakt said:

I am touched. Wait a moment.I have never been on Twitter and left Facebook one year ago. Maybe changes to Meta and Dorsey leaving Twitter were result of that :D

I quit both earlier this year. Both are evil companies. I don't suspect this will improve Twitter at all. At Least Hipster Rasputin won't have his mug everywhere.

Apple is not exactly a saint either. Maybe not ‘evil’ per se but tiptoeing around it sometimes.

WTF does Apple have to do with any of this? They don't have a social media presence!

StrangeDays 12959 comments · 8 Years

Jack was a coward. He's now free to grow his beard out even longer and avoid making hard decisions or even enforcing their current policies when it gets hard.

His time is done. His future is getting high on the playa and contemplating alternate realities while stroking said beard.