Twitter co-founder Jack Dorsey has resigned as the company’s CEO. Earlier, US media network CNBC reported that Dorsey was ready to step down. It has been reported that Prag Aggarwal is the new CEO of the company. The 45-year-old Prag himself has described it as an honor. Until now, he has been the company’s chief technology officer. He joined the company 10 years ago.
Dorsey, along with three of his colleagues, founded Twitter on March 21, 2006 in San Francisco. Since then he has become one of the largest technology entrepreneurs. Following the news of Dorsey’s resignation, the company’s stock price rose by 10%. Dorsey is also said to be a senior executive at Square, a financial payment company. He founded it. Some of the company’s biggest investors were openly questioning whether he could effectively lead both companies. However, Jack will remain on the company’s board until 2022.
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