The social media company will be promoting its CTO, Parag Agrawal, to fill Dorsey’s role, while Dorsey will stay on the company’s board until mid-2022. The move comes in the wake of plenty of changes for Twitter, from a new premium service to tweaked features like undoing tweets or stopping auto-refreshes. But Dorsey’s departure is the biggest new shakeup for one of the most prominent social media platforms, so we’ve rounded up the best reactions and insights from the tech community.
Dorsey and Twitter
Dorsey has a history with getting and losing the CEO title at Twitter. He founded the company in 2007, and was forced out as CEO in 2008, after which he founded the digital payments company Square. Then, he moved back to the Twitter CEO role in 2015, while remaining CEO of Square as well. In February 2020, news broke that billionaire Republican donor Paul Singer’s activist investing company Elliott Management had taken a large stake in the company with the stated aims of replacing Dorsey, among other goals. Now, Dorsey’s moving on, and he’s tweeted his entire resignation email to prove it:
I resigned from Twitter pic.twitter.com/G5tUkSSxkl — jack⚡️ (@jack) November 29, 2021 Dorsey has grown interested in cryptocurrencies and decentralized tech in the past few years, and it seems likely his next move will center on that space.
Reactions
Twitter is the perfect social platform for near-instantaneous opinions and jokes, and this news is no exception. There were plenty of comments about how even the founder of Twitter is leaving it, and how Dorsey has joined the Great Resignation (though far fewer people see their company stock rise by 10% when they leave). Others critiqued some aspects of Dorsey’s email — like his opening claim that a company being “founder-led” is “severely limiting and a single point of failure.” Wonder what his coworkers at the Dorsey-founded-and-led Square think of that opinion.
— Alex Heath (@alexeheath) November 29, 2021 Another interesting point is that Agrawal’s move to Twitter CEO has further centered the US’s biggest tech companies on the shoulders of CEOs who have immigrated from other countries, with India standing as the most notable example. It’s a reminder of the importance of immigration — at a time when actual immigration in the US has been cut in half within the last half decade.
— Patrick Collison (@patrickc) November 29, 2021 Still others are discussing what it means to move Twitter’s long-time CTO into the CEO position. The speculation here is often particularly thin, to be fair, with some arguing that the automated and frequently inaccurate “Trends” feature indicates Agrawal won’t do well. He likely won’t add an edit button either (although I’d call that a win, since we don’t need a way to make misinformation easier).
— Alex Sherman (@sherman4949) November 29, 2021 One underrated angle here? Dorsey’s decision to hint that founder-led companies are bad and at the mercy of the founder’s ego. The tech industry on the whole has been susceptible to hero-worship that keeps founders around longer than their actual impact might have otherwise kept them going. Get to know Twitter better than Dorsey with the top social media management software
