Jack Dorsey left the leadership of Twitter, the social network he helped found over 15 years ago. In its place comes Parag Agrawal, manager of the technology sector.
Dorsey will remain on the board of directors until his term expires in 2022. Agrawal will be called upon to achieve the goals set by Twitter at the beginning of the year: reach 315 million monetizable daily active users and double annual revenue by the end of 2023.
Information about Dorsey’s probable farewell caused a Twitter’s stock jumped 11% to Wall Street in pre-opening and then by more than 6% at the opening, reaching $ 50.01; subsequently, the stock was suspended, not before having dragged up practically the entire list, with the Dow Jones growing by about 150 points (+ 0.42% to 35,047) and the Nasdaq by about 1%.
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This is not the first time that there has been talk of the possibility of Dorsey leaving the company: shareholder Elliott Management had tried to replace him as Twitter Ad as early as 2020, but the investment company had reached an agreement with the management of the social network, again as reported by Cnbc. In a note released today by the company, the change was, however, made official.