Sixteen years after helping found the company, with six years running it, Jack Dorsey has had enough. He has handed the reins to his Chief Technology Officer Parag Agrawal. Dorsey will remain on the board through his term but says he will exit completely when it expires in May. His departure comes more than a year after he defeated a proposal for his ouster from activist shareholder Elliott Management. Learn more about his resignation and Twitter's new CEO.
Dorsey is out after returning to lead the company in 2015 Confirming rumors first reported this morning by CNBC, Twitter co-founder and CEO Jack Dorsey announced his departure. The company confirmed that CTO Parag Agrawal would succeed him and take a seat on the board, effective immediately, while …
Jack Dorsey and Twitter announced Monday that the founder is stepping down as CEO of the company, effective immediately. CTO Parag Agrawal, who has been with the company for more than a decade, will replace him as CEO. Shortly after the news was reported by CNBC Monday morning, Dorsey tweeted a …
Bitcoin unleashed a huge wave, and Dorsey — no longer doing double duty at Twitter and Square — wants to ride it. His decisions on major …
The quirky CEO announced his departure on Monday. His record at the company is mixed, but his impact is undeniable. Jack Dorsey was glum. It was 2009, …
Jack Dorsey likes to keep things simple, at least for a 45-year-old multibillionaire. He eats one meal a day, fasts at weekends, and tries to meditate for two hours daily. The post that launched Twitter, and ultimately a million pile-ons, was equally austere: “just setting up my twttr”. Dorsey was …
Twitter Inc (TWTR.N) on Wednesday appointed development finance executive Mimi Alemayehou to its board of directors to replace Elliott Management partner Jesse Cohn, after the activist hedge fund helped create a blueprint for changes that led to a doubling of the social media firm's share price.
Twitter has reached a deal with investment firms Elliott Management and Silver Lake, the company announced Monday. The deal comes after Elliott's …
Activist investor Elliott Management Corp. has taken a sizable stake in Twitter Inc. and plans to push for changes at the social media company, …
With one big exception. Rhymes with “Zuckerberg.” Here’s the Great Tech Founder Story we have been told over the years: Brilliant, quirky dude (always a dude) has a flash of inspiration, sets off on a quest to build something earth-changing, gets doubted along the way, and eventually steers his …
