Twitter CEO Jack Dorsey resigns. His replacement has a history of fighting white racism and will ‘focus less’ on free speech

Well, Jack is out. Following the founding of Twitter on July 15, 2006, the bohemian executive, in absentia, will be leaving, to be replaced by an anti-white board member of SJW.

Twitter CEO Jack Dorsey will step down as director of the social media company, effective immediately. Parag Agrawal, Twitter’s chief technology officer, will take the helm, the company said Monday.

“I have decided to leave Twitter because I believe the company is ready to continue operating from the founders,” Dorsey said in a statement, though he did not provide any further details about the company. why he decided to resign. ”

With Dorsey’s announcement, the spotlight turned to Parag, and what we’re finding reminds us of Jack.

Agrawal said in a interview with last year’s MIT Technology Review, when he was the company’s CTO, that freedom of speech is no longer the focus for company.

“Our role is not bound by the First Amendment, but our role is to serve a healthy public conversation and our actions reflect what we do,” Agrawal said. I believe will lead to a healthier public conversation.

On Sunday night, Dorsey sent out a tweet with the message “I love Twitter.”

In an email to employees and shared on Twitter, Dorsey said he worked hard to ensure the company could separate from its founders.

“Not many companies reach this level,” Dorsey writes. “And not many founders choose their company because of their ego. I knew we were going to prove this was a step in the right direction. ”

Twitter stock jumped on the news, rallying as much as 11% before pausing before the announcement. After surging at the start of the pandemic, Twitter stock has underperformed recently, falling about half a percent before noon on Monday.

This isn’t the first time Dorsey has left Twitter. In 2008, the company fire him about management concerns and his absence.

Last year, His leadership has attracted scrutiny from Elliott Management Corp., known as one of Wall Street’s toughest activist investors. Twitter and Elliott have reached an agreement in which the company agreed to appoint two board members and commit to share repurchases worth $2 billion.

Dorsey will remain on Twitter’s board of directors until his term expires in 2022, the company said. CNBC previously reported his plans to step down as CEO. Twitter CEO Jack Dorsey resigns. His replacement has a history of fighting white racism and will ‘focus less’ on free speech

Huynh Nguyen

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