Dorsey says he’s handing the reigns to Twitter CTO Parag Agrawal.
The news leaked this morning to CNBC, with no additional information. You’ve got to hand it to the man. Whatever goes on at Twitter, Jack’s kept his plans tight.
In 2019, Dorsey announced plans to spend six months traveling through Africa and presumably evangelizing cryptocurrency. (“Africa will define the future (especially the bitcoin one!)” he tweeted.) Dorsey also serves as CEO of Square. In early 2020, billionaire Twitter board member Paul Singer called for his resignation due to his split focus between those ventures.
Twitter shares briefly bumped 11 percent following the news, and trading was quickly halted due to volatility.
This is a developing story. Check back for updates.