Twitter's Jack Dorsey steps down as CEO – CNET

Jack Dorsey at the Bitcoin 2021 conference in Miami in June.  Eva Marie Uzcategui/Bloomberg/Getty Images Jack Dorsey has stepped down as chief executive of Twitter, the social network he co-founded nearly 16 years ago, turning over the top spot to Parag Agrawal, the company’s chief technology officer.  “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey, who is also CEO of payments company Square, said in a statement Monday. “My trust in Parag as Twitter’s CEO is deep.” Get the CNET Culture newsletter Explore movies, games, superheroes and more with CNET Culture. Delivered Tuesdays and Fridays. Dorsey will remain on Twitter’s board through the end of his term in 2022 to help with the transition. CNBC reported the move earlier Monday. Parag Agrawal, Twitter’s new CEO Twitter The leadership shift comes amid mounting scrutiny of Dorsey and Twitter from investors seeking better returns and from lawmakers concerned about the company’s moderation policies for political speech. Last year, Elliott Management, an activist investment fund, began putting pressure on Dorsey to step aside after the CEO said he wanted to spend up to half a year in Africa. The fund ultimately struck a deal with the company that allowed…
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