Twitter: Dorsey replaced by Agrawal

Twitter: Dorsey replaced by Agrawal

1. December 2021 0 By Horst Buchwald

Twitter: Dorsey replaced by Agrawal

San Francisco, Dec. 1, 2021

Parag Agrawal, Twitter’s CTO, has replaced Jack Dorsey as the company’s CEO. Dorsey confirmed his resignation in a statement Monday, saying he decided to leave because he believed “the company was ready to move on from its founders.”

Dorsey resigned effective immediately, but will remain as a board member through 2022. He will remain CEO of digital payments company Square.

At Twitter, Dorsey had served as CEO since 2007, but was fired less than two years later. He took over the company again after Dick Costolo resigned in 2015. During his tenure, the company cut 9% of its workforce, reported its first profit and added new features such as live audio and newsletters.

Agrawal, 37, has worked for Twitter for about a decade, rising from an engineering position to CTO in 2017. Since then, he has focused heavily on Twitter’s Bluesky, a decentralized version of its platform that is currently in the research phase.

His annual salary will be $1 million, according to a document filed with the SEC.

Shortly after Dorsey’s resignation, Twitter announced that its users would be prohibited from sharing videos or photos of individuals without their consent.

The change, which takes effect today, expands the current private information policy to include “private media,” in addition to the previously prohibited sharing of private phone numbers, addresses and IDs.

In a blog post, Twitter’s security team pointed out that sharing private media “can have a disproportionate impact on women, activists, dissidents, and members of minority communities.”

Hits: 0