{"id":1064398,"date":"2021-11-29T11:28:30","date_gmt":"2021-11-29T16:28:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1064398"},"modified":"2021-11-29T11:28:38","modified_gmt":"2021-11-29T16:28:38","slug":"twitter-stock-jumps-as-jack-dorsey-resigns-as-ceo-replaced-by-cto-parag-agrawal","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-stock-jumps-as-jack-dorsey-resigns-as-ceo-replaced-by-cto-parag-agrawal\/","title":{"rendered":"Twitter Stock Jumps as Jack Dorsey Resigns as CEO, Replaced by CTO Parag Agrawal"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftwitter-stock-jumps-as-jack-dorsey-resigns-as-ceo-replaced-by-cto-parag-agrawal%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1064398&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Twitter stock jumped by as much as 10 percent in pre-market trading before being halted following news that CEO Jack Dorsey is resigning from the company, to be replaced by Chief Technology Officer Parag Agrawal<\/p>\n<p>CNBC <a href=\"https:\/\/www.cnbc.com\/2021\/11\/29\/twitter-ceo-jack-dorsey-is-expected-to-step-down-sources-say.html\">reported<\/a>&nbsp;this morning that according to confidential sources, Twitter CEO Jack Dorsey is expected to step down from his position at the company soon. Dorsey served as the CEO of both Twitter and the digital payment processor Square.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<div id=\"attachment_15431732\" class=\"wp-caption alignnone\" readability=\"32\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/Dorsey.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-15431732\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/Dorsey.png\" alt=\"Poland\" width=\"640\" height=\"480\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Greg Nash-Pool\/Getty Images<\/p>\n<\/div>\n<p>Following the CNBC report, Dorsey publicly shared his letter of resignation from the company.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"7.1229508196721\">\n<p lang=\"en\" dir=\"ltr\">not sure anyone has heard but,<\/p>\n<p>I resigned from Twitter <a href=\"https:\/\/t.co\/G5tUkSSxkl\">pic.twitter.com\/G5tUkSSxkl<\/a><\/p>\n<p>\u2014 jack\u26a1\ufe0f (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1465347002426867720?ref_src=twsrc%5Etfw\">November 29, 2021<\/a><\/p>\n<\/blockquote>\n<p>In a statement, Dorsey said: \u201cI\u2019ve decided to leave Twitter because I believe the company is ready to move on from its founders.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Twitter shares trended upwards following the announcement before being halted due to news pending. Shares were up as much as 10 percent in pre-market trading following the initial news of Dorsey\u2019s plans to leave the firm.<\/p>\n<p>Dorsey will be <a href=\"https:\/\/www.prnewswire.com\/news-releases\/jack-dorsey-steps-down-as-twitter-ceo-board-unanimously-appoints-cto-parag-agrawal-as-successor-301432989.html\">replaced as CEO<\/a> by Parag Agrawal, Twitter\u2019s Chief Technology Officer. Agrawal will now be responsible for hitting the <a href=\"https:\/\/www.cnbc.com\/2021\/02\/25\/twitter-sets-goals-to-double-revenue-reach-315-million-users-by-end-of-2023.html\">targets set by Twitter<\/a> recently of 315 monetizable daily active users by the end of 2023 and double the company\u2019s current annual revenue.<\/p>\n<p>This isn\u2019t the first time that Dorsey has faced losing his role as CEO; last year Twitter stakeholder Elliott Management sought to replace him after the firm\u2019s founder and billionaire investor Paul Singer questioned Dorsey\u2019s ability to run both Square and Twitter.<\/p>\n<p>Dorsey founded Twiter and served as company CEO until 2008 when he was pushed out of the role before <a href=\"https:\/\/www.breitbart.com\/tech\/2016\/02\/16\/how-jack-dorsey-came-back-and-ruined-twitter\/\">returning in 2015<\/a> after former CEO Dick Costolo left.<\/p>\n<p>Breitbart News will update readers as further details about Dorsey\u2019s departure are available.<\/p>\n<p><strong><i>Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter&nbsp;<\/i><i><a class=\"x5l\" href=\"https:\/\/twitter.com\/lucasnolan\" target=\"_blank\" rel=\"noopener external\">@LucasNolan<\/a>&nbsp;<\/i><i>or contact via secure email at the address&nbsp;<a class=\"x5l\" href=\"mailto:lucasnolan@protonmail.com\" target=\"_blank\" rel=\"noopener external\">lucasnolan@protonmail.com<\/a><\/i><i><\/i><\/strong><i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter stock jumped by as much as 10 percent in pre-market trading before being halted following news that CEO Jack Dorsey is resigning from the company, to be replaced by &#8230;<\/p>\n","protected":false},"author":28,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1064398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1064398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1064398"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1064398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1064398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1064398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1064398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}