• About
  • Contact
Thursday, June 30, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Twitter CEO Jack Dorsey Walks Down; IIT-Bombay Alumnus Parag Agrawal is Successor

The news arrives as Twitter has quickened the movement of its product innovation over the past year to compete with social media opponents such as Facebook Inc and TikTok and to meet its goal of folding annual revenue by 2023.

Anshumaan Vishnu by Anshumaan Vishnu
November 30, 2021
in Internet, News
Reading Time: 2 mins read
A A
0
Parag Agrawal Twitter CEO

Parag Agrawal, CTO Twitter

Twitter Inc Chief Executive Officer Jack Dorsey will walk down from his role, and Chief Technology Officer Parag Agrawal will become his replacement, Twitter declared on Monday.

“Deep gratitude for Jack and our entire team, and so much excitement for the future,” Parag, an IIT-Bombay alumnus, shared in a tweet along with a note.

“The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today’s news. It is because they care about Twitter and our future, and it’s a signal that the work we do here matters,” Agrawal stated in his note to Dorsey.

Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support 💙 https://t.co/eNatG1dqH6 pic.twitter.com/liJmTbpYs1

— Parag Agrawal (@paraga) November 29, 2021

Dorsey’s retirement from the organization marks the end of his second CEO stint at the popular social networking site. He leaves at a time when Twitter has made headings for its refreshed pace of product launches after years of criticism that the site had settled behind bigger competitors like Facebook and new social media apps such as TikTok in addition.

A source familiar with the subject told Reuters that Dorsey is walking down now as he feels optimistic about his successor and will concentrate on his payments processing company Square Inc and other pursuits, including philanthropy.

The company’s board has been planning for Dorsey’s departure since last year, the source stated.

Jack Dorsey and Parag Agrawal Twitter CEO
Jack Dorsey (L) and Parag Agrawal (R), Twitter CEO

Shares of the microblogging platform surged 9% in early trading, while those of digital payments firm Square Inc, of which Dorsey is also chief executive, were up 3%.

Dorsey had co-founded Twitter back in 2006 and became CEO the following year.

In 2008, co-founder Ev Williams and board member Fred Wilson drove out Dorsey as the social media site obtained steam with users, and they decided he was unfit to head the company.

But after years of stagnant growth and a slumping share price, Dorsey was replaced as CEO in 2015 while maintaining to lead Square.

However, in early 2020, Dorsey faced calls from Elliott Management Corp to step down, after the hedge fund claimed that he was giving too little attention to Twitter while also managing payments processing company Square Inc. Dorsey opposed the pressure by giving Elliott and its ally, buyout firm Silver Lake Partners, seats on Twitter’s board.

Tags: Jack DorseyParag AgrawalTwitter
Previous Post

UpGrad Acquires Australia-based Global Study Partners

Next Post

The Tale of Biryani Delivery Brand – Biryani By Kilo Success Story

Anshumaan Vishnu

Anshumaan Vishnu

An entrepreneur and writer who prefers to create content around startups, entrepreneurship and digital marketing. To talk more like this idea, connect on LinkedIn.

Related Posts

Metawhale Team
Cryptocurrency

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand
News

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
Reliance CEO Mukesh Ambani
Industries

Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

June 28, 2022
png 20220628 164551 0000
Cryptocurrency

Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys

June 28, 2022
20220627 152251 0000
News

Proptech Startup PropShare Raises $47 Million Led by WestBridge Capital

June 27, 2022
images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Next Post
Biryani By Kilo Logo

The Tale of Biryani Delivery Brand - Biryani By Kilo Success Story

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • World’s First NFT Museum Launched By Metawhale World
  • Byju’s-owned WhiteHat Jr Lays Off 300 Employees
  • Mukesh Ambani Resigns as Director of Reliance Jio, Son Aakash Ambani Named Chairman

Latest News

Metawhale Team

World’s First NFT Museum Launched By Metawhale World

June 30, 2022
WhiteHat Jr Ads- Next Big Brand

Byju’s-owned WhiteHat Jr Lays Off 300 Employees

June 29, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.