Jack Dorsey Steps Down as Twitter CEO, Replaced by CTO Parag Agrawal

Jack Dorsey, the co-founder and chief executive officer of Twitter Inc., is stepping down, ceding the position to the company’s chief technology officer Parag Agrawal.

The move is effective immediately, though Dorsey will stay on the board of the social media company until his term expires in 2022, Twitter said in a statement Monday.

“I’ve decided to leave Twitter …

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