Jack Dorsey stepped down because the chief government officer of Twitter Inc, the social media agency he helped present in 2006 and steered by a high-profile hack and the controversial banning of former U.S. President Donald Trump.
Dorsey, who additionally helms fintech agency Sq. Inc, will probably be succeeded by Chief Expertise Officer Parag Agrawal.
Here’s a timeline of milestones in Dorsey tenure at Twitter:
2006 : Typed out the microblogging platform’s first publish: “simply establishing my twttr”.
2008 : Co-founder Evan Williams took over as CEO after the board pushed Dorsey out. Dorsey assumed the position of chairman.
2013: Twitter went public at a valuation of $31 billion.
2015 : Dorsey returned as CEO after Dick Costolo stepped down.
2017 : A Twitter worker on his final day deactivated then U.S. President Donald Trump’s account which was restored 11 minutes later.
2018 : Twitter elevated the character restrict of tweets to 280 from 140, sparking a combined response in twitterverse.
2020 : Activist hedge fund Elliott Administration pushed for modifications, together with the elimination of Dorsey as CEO.
2020 : Twitter reached an settlement with Elliott so as to add three new administrators for letting Dorsey keep on as CEO.
2021 : Within the wake of the riots on the Capitol, Twitter completely suspended Trump’s account, with the corporate citing a threat of additional incitement of violence.
2021 : Twitter outlined plans in February to realize no less than $7.5 billion in annual income and 315 million monetizable each day lively customers, or those that see advertisements, by the top of 2023.
2021 : In March, Dorsey bought his first tweet as a non-fungible token (NFT) – a form of distinctive digital asset – for simply over $2.9 million.
2021 : Former U.S. President Donald Trump in July filed lawsuits towards Twitter, Fb Inc and Alphabet Inc’s Google, in addition to their chief executives, alleging they unlawfully silence conservative viewpoints.
2021 : The corporate stated it had 211 million common monetizable each day lively customers, as of the three months ended Sept. 30.
2021: Dorsey’s internet price is $11.8 billion as of Nov. 29, in response to Forbes.
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