Jack Dorsey creator, co-founder, and chairperson of Twitter.
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Jack Dorsey, the co-founder and chief executive officer of Twitter, has resigned.
Dorsey, 45, is also the head of payments company Square, and has been taking an increasing interest in cryptocurrencies recently.
Dorsey confirmed his resignation in a tweet on Monday.
not sure anyone has heard but,
— jack?? (@jack) November 29, 2021
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
"Parag has been behind every critical decision that helped turn this company around. My trust in him as our CEO is bone deep," Dorsey said in his tweet.
Dorsey described it as a "tough" decision to resign, but added that he's happy with his call. "(There) aren't many founders that choose their company over their own ego. I know we'll prove this was the right move."
Dorsey co-founded Twitter in 2006 and posted world's first tweet ·
Dorsey is also resigning from the board. "I believe it's really important to give Parag the space he needs to lead."
Twitter shares jumped almost 4% in New York on Monday morning.
