Twitter CTO Parag Agrawal replaces Jack Dorsey as CEO

Twitter CEO Jack Dorsey will address students at the Indian Institute of Technology (IIT) City Hall in New Delhi, India, on November 12, 2018.

Anushree Fadnavis | Reuters

twitter CEO Jack Dorsey has resigned from the head of a social media company.

45-year-old Dorsey is now with Twitter CEO square, His digital payment company.

The next CEO needs to meet Twitter Aggressive internal goals.. Earlier this year, the company said it aims to reach 315 million monetizable active users per day by the end of 2023, at least doubling its annual revenue for the year.

Dorsey was named last year by Twitter stakeholder Elliott Management. I tried to replace him.. Elliott Management founder and billionaire investor Paul Singer wonders if Dorsey should run both public companies before the investment company signs a deal with the company’s management. Asked one of the CEOs to resign.

Dorsey, who co-founded the social media giant in 2006, served as CEO until 2008. Pushed out of the role.. After former CEO Dick Kostro resigned, he returned to Twitter as a boss in 2015.

Equity has skyrocketed by 85% since Dorsey took office as CEO on October 5, 2015. Meanwhile, Square’s stock has surged 1,566% since its initial public offering on November 19, 2015.

Twitter did not respond to the request for comment.

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Twitter CTO Parag Agrawal replaces Jack Dorsey as CEO

Source link Twitter CTO Parag Agrawal replaces Jack Dorsey as CEO

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