Twitter CEO Jack Dorsey steps down

Twitter CEO Jack Dorsey announced his surprise resignation on Monday and tweeted unexpectedly "Not sure anyone has heard, but I resigned from Twitter." Dorsey's freewheeling approach has helped him become an iconic figure in Silicon Valley for the last 15 years. He was the first tech CEO to penalize former President Donald Trump after years of his boundary-pushing tweets. In 2018, he declared that Twitter was broken in fundamental ways and invited outsiders to come help with the company's "collective health". 

Dorsey has also earned a reputation as a chaotic and distant manager who vexed Wall Street and sometimes befuddled his own employees. Well ahead of the pandemic, he had sent a late-night email that everyone could work from home forever, without alerting the company's head of human resources. He also floated plans to move to Africa during the pandemic. 

He has been facing pressure to depart over the past year as investors who pushed for his ouster argued he was overcommitted because he is also CEO of payments company Square. Soon after Dorsey's resignation was reported on Monday, Twitter’s stock price soared before ending the day down slightly. Dorsey will be replaced by chief technology officer Parag Agrawal. 

Source: The Washington Post