![]() “I want you all to know this was my decision and I own it.”ĭorsey, 45, co-founded the microblogging site in 2006 and posted the world’s first tweet: “Just setting up my twttr.” “My trust in him as CEO is bone-deep,” he wrote. “I’ve worked hard to ensure this company can break away from its founding and founders.”ĭorsey said Agrawal was his preferred choice for CEO. Ultimately I believe that’s severely limiting and a single point of failure,” he wrote. “There’s a lot of talk about the importance of a company being ‘founder-led’. In an email to staff on Monday Dorsey wrote that after 16 years at the company, it was time to leave. In his most recent tweet on the site, posted Sunday, Dorsey wrote: “I love Twitter.” “I want to thank the board for their confidence in my leadership and Jack for his continued mentorship, support and partnership,” said Agrawal. It’s his time to lead,” said Dorsey.Īgrawal has been with Twitter for a decade and served as CTO since 2017. I’m deeply grateful for his skill, heart and soul. His work over the past 10 years has been transformational. My trust in Parag as Twitter’s CEO is deep. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. The company said Dorsey would step down immediately but that Dorsey would remain on the board until Twitter’s stockholder meeting in 2022. Twitter’s shares rose 11% after the news broke on CNBC before being briefly suspended. But 99% of the time, Dorsey goes with Gadde's recommendations, former employees said.The surprise move ends Dorsey’s much criticized tenure as chief executive officer of both Twitter and Square, his digital payments company, which led to Twitter stakeholders Elliott Management and billionaire investor Paul Singer calling on him to step down from one of those roles. The company ultimately decided to permanently ban Trump.įormer employees say Gadde does not have final say on what the company decides to do in regards to its policies. She played a crucial role in determining what to do with the account of former President Donald Trump following the Jan. In particular, Gadde has ramped up use of her Twitter account to announce and explain the company's decisions regarding public policy. Gadde is said to loathe public speaking but over the past year has stepped up more. That means that if the company is having problems with harassment, misinformation or Washington, Gadde's people are handling it. ![]() The company's stock price is up more than 70% since June 2015, and its annual revenue has grown almost 68% from $2.22 billion in 2015 to $3.72 billion in 2020.Īs the highest ranking woman at Twitter, Gadde is responsible for handling some of the company's most difficult tasks, including legal matters and anything related to public policy and trust and safety on the platform. Since his return, the company has had its ups and downs but has generally trended upward. ![]() He was named permanent CEO a few months later. Dorsey was Twitter's original CEO but was forced out in 2008, then returned to Twitter's helm as interim CEO in June 2015. He is known for empowering his lieutenants and engaging with them on major issues, as well as tending to smaller details that wouldn't typically be expected out of a CEO, such as writing his own remarks before testifying in front of Congress.ĭorsey helped invent Twitter in 2006 while working as one of the few employees at Obvious Corporation, the company that preceded it. People at Twitter say Dorsey is anything but checked out. Blame his dual role as CEO of Square, his tendency to take off for weeks at a time on meditation retreats, his talk of moving to Africa and his peculiar looks, which include tattoos, piercings and a wizard-like beard. One recent example came when the platform decided to ban Donald Trump permanently - Dorsey was reportedly on vacation on an island in French Polynesia when the fateful decision was handed down. ![]() Personal Loans for 670 Credit Score or Lowerĭespite being CEO, Dorsey often comes off as checked out from Twitter. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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