Twitter’s Co-Founder Jack Dorsey Steps Down

Without Jack, Twitter Will Find New Leadership Elsewhere

Jack Dorsey’s been an important name in the Twitter-verse since the website’s founding. But, all good things must come to an end. Initially revealed by an internal company email, he’s announced that Twitter will soon have to move on without him. He’s since made that email public on his own twitter account, making the announcement widely known.

Dorsey’s reason for leaving is, apparently, due to a philosophy of his. “There’s a lot of talk about the importance of a company being ‘founder-led’. Ultimately I believe that’s severely limiting and a single point of failure,” the message read. In internal meetings, the new option for a CEO came up – one by the name of Parag Agrawal. According to Jack, “The board ran a rigorous process considering all options and unanimously appointed Parag. He’s been my choice for some time now given how deeply he understand the company and its needs. Parag has been behind every critical decision that’s helped turn this company around.”

It’s a wholesome sentiment, given how business incentives usually go. It’s unclear where Jack will end up after he leaves his role, but it’s unlikely that it’ll be quite as profitable. “Twitter executive” seems like a pretty lucrative title, after all! It’s not like he needs the extra cash, but given how other higher-ups have acted at other companies, it’s an interesting change of pace.

Parag is the CEO starting today.” The email continues. “I’m going to serve on the board through my term (May-ish) to help Parag and Bret with the transition. And after that… I’ll leave the board.”