![]() "We want to be able to move quick and make decisions, and Parag is leading the way with that," Yagerman said.ĭorsey announced his departure on Monday and told employees in a letter that, "I believe the company is ready to move on from its founders." Agrawal, 37, is now tasked with meeting Twitter's aggressive internal goals, after the company said earlier this year it aims to have 315 million monetizable daily active users by the end of 2023 and to at least double its annual revenue by that same year. In the past, Twitter has been criticized for moving slowly, said Laura Yagerman, the company's new head of corporate communications. Lindsey Iannucci, senior director of strategy and operations, was also elevated to chief of staff and vice president of operations to support Agrawal, Twitter said. Revenue product lead Bruce Falk will become general manager of revenue, and vice president of engineering Nick Caldwell will assume the role of general manager of core tech. Kayvon Beykpour, the former head of product, will become Twitter's general manager of consumer. Personal Loans for 670 Credit Score or Lower Courtesy: Twitter Today, 37-year-old Parag Agrawal is Twitter’s CEO the youngest among the S&P 500, edging. Personal Loans for 580 Credit Score or Lower Parag Agrawal named Twitter CEO on Nov 29th, 2021. Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, said in a statement Dorsey “leaves behind a mixed legacy.” “A platform that's useful and potent for quick communication but one that's been exploited by a range of bad actors, including former President Donald Trump, who did his best on Twitter to undermine democracy-until Dorsey's people finally had enough and shut him down,” Barrett said.Best Debt Consolidation Loans for Bad Credit ![]() Chief Criticĭorsey faced criticism in recent years for his hesitations to censor users, including controversial public figures, on the app. He still serves as CEO of Square, of another company he co-founded in 2010. Dorsey said in the email he believes a company being founder-led is “severely limiting and a signal point of failure,” adding that “there aren’t many founders who choose their company over their own ego.” Dorsey co-founded Twitter in 2006 and served as CEO until he was pushed out in 2008, but returned to the role in 2015 after Dick Costolo stepped down. Reports of Dorsey’s impending resignation surfaced Monday morning, and he confirmed he was stepping down, effective immediately in a company-wide email. Twitter reported user growth and revenue that met analysts’ expectations in the third quarter of this year, despite Apple’s iPhone privacy changes. The management group also thought that by replacing Dorsey, who was CEO of Twitter and Square at the time, with a full-time CEO could make Twitter more favorable and valuable on Wall Street, Bloomberg reported. ![]() Learn from 100+ expert speakers Network with Liked. Elliott Management, an “activist investor” firm and Twitter stakeholder, attempted to oust Dorsey from his position in 2020 over the company’s slow growth, according to a Bloomberg report. Chief Technology Officer at Twitter Activity Time is running out to join the World’s Leading AI Conference: TransformX on October 6-7th. Twitter stopped reporting its monthly active users in 2019 as the numbers were stagnating around 300 million-at the time, Facebook reported having approximately 2.5 billion monthly users. Twitter’s user growth struggled in recent years, both with getting existing users to use the app again and with recruiting new users, Recode reports. ![]() My trust in him as our CEO is bone deep.” Key Background “He leads with heart and soul, and is someone I learn from daily. He’s been my choice for some time given how deeply he understands the company and its needs,” Dorsey said in a company-wide email announcing his departure. “The Board ran a rigorous process considering all options and unanimously appointed Parag. ![]()
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