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Twitter founder Jack Dorsey relinquishes senior positions

Twitter founder Jack Dorsey relinquishes senior positions

29.11.2021, 17:0229.11.2021, 17:15

Twitter founder Jack Dorsey Photo: cornerstone

Twitter co-founder Jack Dorsey is stepping down as the head of the online service. His successor is former tech chief Parag Agrawal, the company announced from San Francisco on Monday.

CNBC had previously reported that the 45-year-old wanted to retire from leading the company. Then the share of Twitter began to circulate in the United States with a good over ten percent.

Dorsey was last at the helm of Twitter since 2015. Considered the inventor of the SMS service: Dorsey posted his first tweet in 2006. He ran the company from May 2007 to October 2008. Then he founded and joined the payment service Square Twitter shorter. Since his return to the top of Twitter, he has run both companies at the same time – a double burden that has some investors worried. Dorsey had to agree to business goals to satisfy her.

Get out of the red zone

Under his leadership, Twitter has largely been able to break out of the old red numbers — even if settlement payments after an investor lawsuit lead to a big loss again. At the same time, Twitter, with its business model, in which advertisers can insert tweets into users’ timeline to get paid, is nowhere near as ad revenue Facebook social networking site Surprised.

In the 2020 US election campaign and pandemic, Twitter led by Dorsey has taken a tough stand against misinformation about vaccines and Donald Trump’s claims that his White House victory was stolen by fraud. Dorsey was attacked by Republicans in hearings in the US Congress. (aeg/sda/awp/dpa)

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