Jack Dorsey has stepped down as Twitter CEO By Cointelegraph

Twitter (NYSE:) chief executive officer Jack Dorsey has resigned his position at the social media firm after serving for more than six years.

In a Monday tweet to his 5.9 million followers, Dorsey said he had stepped down as the CEO of social media giant Twitter, which he helped co-found in 2006. He announced the company’s board of directors had appointed CTO and board member Parag Agrawal to replace Dorsey “starting today.” Dorsey said his decision to step down was based on the board’s approval of Agrawal, board member Bret Taylor agreeing to be the new chair, and the opportunities for upward mobility for other Twitter team members.

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