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The businessman had been linked to this company for 16 years, which he had been directing since 2015. Several voices had been calling for his resignation for some time due to the economic losses that the social network presented in recent months since Dorsey was also the executive director of another company .
Jack Dorsey, co-founder and CEO of the social network Twitter announced his departure after 16 years with the company. This businessman was one of the creators of one of the most well-known spaces for public discussion globally and had the opportunity to direct it since 2015.
According to what he himself was able to announce in an email to all his employees, his replacement will be the current director of technology of Twitter, Parag Agrawal. Agrawal is one of the oldest figures in the company and one of its heavyweights. Since he assumed his previous position, he has been one of those in charge of modernizing this social network to make it more competitive compared to others such as TikTok or Instagram. From its creation are the discussion bubbles for users, for example.
Precisely this could be one of the causes of Dorsey’s resignation from his position. Investor voices had reproached the CEO until now that Twitter had been stagnant in front of its most direct competitors. This accusation was reinforced by the months that the company has accumulated in losses, despite the apparent growth of active users, which is already around 211 million.
Twitter targets modernization and 300 million users
To this we must add that Dorsey is also the CEO of a payment processing company called Square Inc. Several voices accused him of focusing more on this company than on Twitter, so his resignation was well received by the markets, since the company recorded uploads.
Until May 2022, he will remain in the governing body to support the transition of the company with two clear objectives: to double Twitter’s revenue by 2023 and increase active users to more than 300 million.
This social network was conceived as a method of communication between friends, but over time it became a wide space for debate, which on many occasions served to foster and encourage political debate. Due to the existence of Twitter, political and social movements of the early 2010s are understood, such as the Arab Springs or 15-M in Spain and other parts of the world.
Dorsey was CEO in a period between 2006 and 2008 before being removed from his position of responsibility in that year due to the numerous projects that he is carrying out. After a period of time away from the head of the company, he returned in 2015.
Dorsey’s tumultuous years
During these years his image has been one of the best known and most controversial on the Internet. Known for being a very bohemian figure in the world of telecommunications, Dorsey always opted for leading a different lifestyle than the one assumed to lead by a director of a multinational company.
His lifestyle even led him to have confrontations with the company’s investors, as he disappeared for long periods of time to practice his meditation and even considered moving to Africa and running Twitter from there. This latest announcement set off alarms from several investors in the months leading up to the pandemic, eventually forcing him to stay in the United States while running the social network.
His role during the Donald Trump era in the White House is also highly controversial. In the four years that the Republican president was in power, Twitter was his great political speaker. A loudspeaker that helped spread his message and that many criticize that it served to spread false news and hatred towards certain groups or rivals.
Twitter and its position against Donald Trump
The blue bird company began to act against the former president near the end of his term. During the November 2020 elections, he began to point out that much of the information he wrote alleging possible electoral fraud was false, and he even deleted several tweets from the Republican.
His confrontation with Donald Trump went further after the episodes lived on January 6, 2021 during the Assault on the Capitol. Twitter considered that Trump had used this social network to spread messages that incited this assault and the company decided to permanently close his account.
These movements have earned him criticism from ultra-conservative sectors in the United States who denounce attacks against the tycoon and coercion of his freedom of speech on the social network.
The San Francisco company will face the future in a near way without one of its founders with the aim of not losing ground in front of social networks that bet on a more audiovisual format than Twitter. As for Dorsey, it is not known exactly what his future will be once May 2022 arrives, although everything seems to indicate that he will continue to lead his other company.
With AP, Reuters and EFE
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