Twitter CTO Parag Agrawal has replaced Twitter’s co-founder Jack Dorsey as CEO of the social media giant. Dorsey is also CEO of Square, a company worth more than double of Twitter.
More details🧐 Twitter shares soared 10% following news that Dorsey was stepping down. Twitter investor Elliott Management has been advocating for the dismissal of Dorsey since 2020, citing his dual-CEO status of both Twitter & Square as a potential risk.
Why is this important🤔 37-year-old Indian immigrant Agrawal has also replaced Mark Zuckerberg as the youngest CEO in an S&P 500 company. Agrawal was in charge of strategy involving artificial intelligence & machine learning, & played an instrumental role in making tweets more relevant on users’ timelines.
