![]() ![]() “My trust in him as CEO is bone-deep,” he wrote. “I’ve worked hard to ensure this company can break away from its founding and founders.”ĭorsey said Agrawal was his preferred choice for CEO. Ultimately I believe that’s severely limiting and a single point of failure,” he wrote. “There’s a lot of talk about the importance of a company being ‘founder-led’. In an email to staff on Monday Dorsey wrote that after 16 years at the company, it was time to leave. In his most recent tweet on the site, posted Sunday, Dorsey wrote: “I love Twitter.” “I want to thank the board for their confidence in my leadership and Jack for his continued mentorship, support and partnership,” said Agrawal. It’s his time to lead,” said Dorsey.Īgrawal has been with Twitter for a decade and served as CTO since 2017. I’m deeply grateful for his skill, heart and soul. His work over the past 10 years has been transformational. My trust in Parag as Twitter’s CEO is deep. “I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. The company said Dorsey would step down immediately but that Dorsey would remain on the board until Twitter’s stockholder meeting in 2022. Twitter’s shares rose 11% after the news broke on CNBC before being briefly suspended. Freedom of speech is priceless.The surprise move ends Dorsey’s much criticized tenure as chief executive officer of both Twitter and Square, his digital payments company, which led to Twitter stakeholders Elliott Management and billionaire investor Paul Singer calling on him to step down from one of those roles. “Tonight’s reflection - we just heard a rare and unscripted conversation, on a range of important topics, with a Presidential candidate - all launched on Twitter,” she tweeted after DeSantis’ Twitter Space. But on her own Twitter account, Yaccarino seems supportive of Musk’s mission to support “free speech” at all costs, even if it might make advertisers skittish. However, during this event - which Twitter says peaked at around 60,000 listeners - Kennedy claimed that pharmaceutical drugs like Prozac were responsible for school shootings and asserted that the pharmaceutical industry was controlling the Democratic party.ĭuring this conversation with Kennedy, Musk said that Twitter has lost more than half of its ad revenue since he officially took over in October. The chat went a bit more smoothly than Florida Governor Ron DeSantis’ campaign announcement, which was riddled with technical difficulties. Kennedy Jr., an anti-vaccine activist who is running a long-shot campaign against President Joe Biden in the Democratic presidential primary. On Monday, Musk hosted a live audio Space with Robert F. Her resignation came just days before the company’s upfront presentation, a key event for advertisers.Īssuming that CEOs get a bit of a pass when it comes to generic onboarding tasks, Yaccarino’s first day at Twitter seemed like an eventful one. Yaccarino’s exit from NBCUniversal, where she worked for nearly 12 years, seemed abrupt. ![]() When Musk announced that he had found a new CEO, he said that she would start in about six weeks… but it’s only been three weeks. It seems that Yaccarino is starting earlier than anticipated, though. Just days later, Yaccarino resigned from NBCUniversal, where she had been the chairman of its advertising and partnerships group Musk then confirmed that the ad exec was his new CEO pick. ![]() Twitter owner Elon Musk announced in mid-May that he had hired a new CEO. “It happened - first day in the books!” she wrote. Incoming Twitter CEO Linda Yaccarino started her new gig on Monday, according to a tweet.
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