ICYMI: Twitter Chief Executive Officer Jack Dorsey is stepping down from his role and Chief Technology Officer Parag Agrawal, a 10-year veteran of Twitter, will now lead the company
He also navigated the tumultuous years of U.S. President Donald Trump's administration before banning the Republican from the platform after the Jan. 6 attack on the U.S. Capitol.
"I'm really sad ... yet really happy," he wrote. "There aren't many companies that get to this level," adding that his move to step down "was my decision and I own it." The company also rolled out advertising improvements to help brands find Twitter users likely to be interested in their product, a key component of the company's goal to double annual revenue by 2023.
In a joint statement issued after the announcement, Elliott Managing Partner Jesse Cohn and Marc Steinberg, a senior portfolio manager, endorsed the baton passing. "We are confident that they are the right leaders for Twitter at this pivotal moment for the company."
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