Here is some news about the news platform itself. After about 15 years of working and making the platform better, Twitter CEO Jack Dorsey Steps down giving the position to someone else. How did he do? who is next? Here are all your questions answered.
Twitter CEO Jack Dorsey Steps Down
Today, Twitter’s CEO, Jack Dorsey officially resigned from his position as the platform’s Chief Executive Officer. This with immediate effect. After serving the company for nearly almost 15 years, he did change the platform a lot. However, despite his resignation, Dorsey will continue to serve as a member of Twitter’s board of directors until his term expires at the 2022 shareholders’ meeting. Jack says the main reason for him wanting to leave is because he no longer wants to see the company be led by co-founders. Furthermore, the co-founder and former CEO of Twitter claims that he wants the company to be the most transparent in the world.
Jack is leaving the company on good terms and does not seem to have any grudge or problems against it. He wants to pursue further challenges in life.
Who Will Replace Jack?
Well, ex-CEO Jack Dorsey will be replaced by the CTO of the company Parag Agrawal. For the new CEO Agrawal, he will have to achieve Twitter’s new and aggressive internal goals. According to insiders, earlier this year the company said that its goal is to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue by 2023.
What Goals Did Jack Get?
Generally speaking, Twitter’s finances have been great under Jack Dorsey. The company’s quarter to quarter financial reports have been quite good. The company recorded significant growth in key areas. The company’s revenue for the three-month period is $1.19 billion. This is a 74% year-on-year increase. Furthermore, its licensing and other revenue streams generated a total of $ 137 million, up 13% from the second quarter of last year. So in short he did very well for the company.
So, what do you think of Twitter CEO Jack Dorsey stepping down? Share your thoughts in the comments below.