Twitter's CEO Jack Dorsey Resigns
1 min 10 sec read
November 30, 2021Jack Dorsey tweeted his resignation letter to show the world his reasons for leaving Twitter on November 29. Within that letter, he stated that his replacement would be Parag Agrawal.
So what's next for the former CEO?
Well, he wants to pursue his endeavors and get involved with what the world of cryptocurrencies has to offer and perhaps fight for the decentralization of crypto.
Good luck with that, Jack.
But who's this former Chief Technology Officer Parag, now turned CEO? He will be one of the youngest CEOs (he's 37) next to Mark Zuckerberg. And he is an enthusiast of technologies for crypto, which is an area of interest for investors and Jack as well, and it may play a role in Twitter's future.
Jack will be leaving Twitter around "May-ish," he stated in his tweet, but he said his decision was a happy yet sad one to make, and here's what he said:
"There's a lot of talk about the importance of being "founder-led." Ultimately, I believe that's severely limiting and a single point of failure. I've worked hard to ensure this company can break away from if its founding [investors] and founders."
He then went on to talk about why he supports Parag being the new CEO after he leaves Twitter. Jack ended his letter of resignation, saying, "My one wish is for Twitter to be the most transparent company in the world. Hi mom!"
After tweeting his entire email to the world, the comment section was filled with mixed emotions, but they were mostly positive.
Some read, "You had a great run jack, and some were funny, "Even the founder of Twitter has quit Twitter."
This one was our personal favorite:
absolute legend— Twitter (@Twitter) November 29, 2021
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