Twitter sees change of company’s CEOs

Twitter’s chief executive officer Jack Dorsey has stated that he resigns from the key post in the popular microblogging platform, British public broadcaster BBC reports.
On Monday, November 29, the American entrepreneur wrote on his microblogging site: «Not sure anyone has heard but, I resigned from Twitter». Dorsey, who co-founded Twitter in 2006, has been serving as chief executive of both Twitter and payment firm Square, announced that the company’s next CEO will be the current chief technical officer, Parag Agrawal from India.
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At the helm of the large, public, American company, Dorsey has came under pressure from investors, who felt Twitter was not getting the focus it needed while he was also running the company Square.
BBC quoted Victoria Scholar, investment analyst at the British online investment service Interactive Investor, as saying that the development had not come as a surprise to Twitter’s board members «who have reportedly been preparing to say goodbye to Dorsey since last year». The change in leadership was being seen «as a way for Twitter to turn over a new leaf and take bigger risks», the investment expert evaluated.