Jack Dorsey has resigned as CEO of Twitter

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jack dorsey.jpeg
jack dorsey.jpeg

A news that began as a rumor was confirmed a few hours ago, Jack Dorsey will vacate the CEO position on Twitter. According to CNBCDorsey will step down but remain on the board of directors and then leave. The successor will be the current CTO, Parag Argawal.

Unexpected news Jack Dorsey’s resignation from Twitter

After the rumor broke, Twitter’s shares on the stock rose more than 10%. Hours later, the social network made the report official and there was no more to wait for the reaction of the media. Jack Dorsey assumed the position in a first stage until 2008, happened to be president of the board of directors. In this second and apparent last stage, He took office in 2015 on an interim basis following the resignation of Dick Costolo. The rest is history.

Twitter was not his only business as he is also the CEO of Square. A financial services and digital payments company. This company was founded in 2009 and it could be said that they are Dorsey’s backbones in the business world.

What’s next for Twitter?

Until a few hours ago, everything was speculation and there was talk that the next CEO will have to cover all the internal objectives of the company. One of these objectives is related to the number of active users, se speaks of 315 million daily monetizable active users by the end of 2023. Another is related to doubling annual income during that same year.

Another major challenge, from a user perspective, will be facing the challenge of an extensive content war. From avoiding unsuccessful attempts to copy you to other networks, such as Fleets, to including news as simple as an edit button (which will not arrive). Twitter has maintained the constancy since it is the social network par excellence to find out about the news in an instant.

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