Posted on 11/29/2021 8:45:56 AM PST by Red Badger
Parag Agrawal, Twitter’s chief technology officer, will take over from Jack Dorsey at the helm, the company said Monday.
This followed the resignation of Dorsey, the co-founder and long reigning CEO. His resignation was first reported by CNBC.
Twitter shares were up around 2% on the news.
Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company.
Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders, the company said.
Salesforce President and COO Bret Taylor will become the Chairman of the Board, replacing Patrick Pichette, a former Google executive, who will remain on the board as chair of the Audit committee.
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.
Read Dorsey’s full statement here: LINK AT SITE.............
Agrawal will have to meet Twitter’s aggressive internal goals. The company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue in that year.
Agrawal, who’s served as CTO since 2017, has been with Twitter for more than a decade. He had been in charge of strategy involving artificial intelligence and machine learning.
Dorsey, who co-founded the social media giant in 2006, served as CEO until 2008 before being pushed out of the role.
He returned to Twitter as boss in 2015 after former CEO Dick Costolo stepped down.
Last year, he faced an ousting threat when Twitter stakeholder Elliott Management sought to replace him.
Elliott Management founder and billionaire investor Paul Singer had wondered whether Dorsey should run both of the public companies, calling for him to step down as CEO of one of them, before the investment firm reached a deal with the company’s management.
Shares have jumped 85% since Dorsey took over as CEO Oct 5. 2015.
Meantime, Square shares have surged 1,566% since its Nov. 19, 2015 initial public offering.
Its time for him to flee to his “end of the world” bunker on his secluded island. Natives are getting restless.
I wonder if this has anything to do with Ghislaine Maxwell’s trial starting today?................
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement.
~~~
In other words, it is now a corporate leviathan and on the path to obsoleting itself. If I had shares, I’d consider selling off at least a portion of my holdings after this 3% bump.
He resigned the same as Australia made social media firms responsible for liable. Users can successfully sue Twitter in Australia.
“has anything to do with Ghislaine Maxwell’s trial starting today”
Wouldn’t be surprised...around the time epstein was apprehended and died Tom hanks sure fled the country in a hurry.
Censorship to worsen.
OMG!!!!!
This is like going from Pelosi to Waters.
WOW, that dude must hate this country as much as I despise him. You know the guy that looks like Rasputin.
I’m not trying Parler again. Candace should have gotten off Twitter and used Gab, Gettr.
New ceo should fit in well in the California’s culture of public street defecation
Meet the new (UnAmerican) Boss.
Same as the old (UnAmerican) Boss.
Microsoft and Facebook run by globalist megalomaniacs.
Apple run by a sexual degenerate
Google and Twitter run by non-American dots.
“Parag Agrawal, Twitter’s chief technology officer, will take over from Jack Dorsey at the helm, the company said Monday.”
This may be like the head of the KGB taking over as head of the Soviet Union.
Frying pan>>>>Fire
And it was true, at the time. Thanks to Twitter's Free Speech policy, Trump was able to bypass first the GOP gatekeepers, and then the Mainstream Media gatekeepers.
Like Camelot, for a brief shining moment, conservatives enjoyed a level playing field, and were able to reach the people uncensored. And the people heard, and responded by electing Trump.
So no wonder Free Speech had to be shut down. Give us equal access in communications, and we will win the debate.
Putin it away................
Parag Agrawal, Twitter’s chief technology officer, will take over from Jack Dorsey at the helm, the company said Monday.
—
Parag Agrawal. Sounds like one off those noodle dishes at the local Thai restaurant.
Yep. You got it!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.