New Delhi: Jack Dorsey has stepped down as the CEO of micro-blogging site Twitter. Dorsey himself shared this information with a post on Twitter.
After the resignation of Jack Dorsey, Twitter has appointed Parag Agrawal as the CEO of the social media platform.
"After nearly 16 years of working at the company from co-founder to CEO to president to executive chairman, from interim-CEO to CEO, I've decided it's finally time for me to leave. Parag (Parag Agarwal) will be our next CEO," Jack Dorsey posted on Twitter.
Jack Dorsey was working as the CEO of Square as well as Twitter. Jack Dorsey is also the top executive at Square, a financial payments company that he founded. It is known that some big investors had raised the question whether he can effectively lead both the companies.
Jack Dorsey founded Twitter and he was also its CEO till 2008. He was dropped from the role in 2008. However, he returned to Twitter as CEO in 2015 after former CEO Dick Costolo stepped down.