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Twitter Stock Jumps 11% After CEO Jack Dorsey Announces Exit

By Mary Anne ButlerNovember 29, 20211 Min Read

This just in-

Twitter CEO Jack Dorsey is leaving the social media giant, as well as Square. Twitter’s Chief Technology Officer Parag Agrawal is taking over as CEO effective immediately, as the board chose him seemingly before Dorsey’s decision.

Dorsey announced the news in a statement released….on Twitter. He says he’ll stay on the board until May(ish) to help with the transition. You can read the full statement below.

not sure anyone has heard but,

I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack (@jack) November 29, 2021

It’s worth noting that this isn’t the first time Dorsey has left the company he co-founded back in 2006. He served as CEO until he was pushed out in 2008, and returned in 2015 after former CEO Dick Costolo stepped down.

Twitter’s stock jumped 11% after the news hit.

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Mary Anne Butler

Mary Anne Butler (Mab) has been part of the fast-paced world of journalism since she was 15, getting her start in album reviews and live concert coverage for a nationally published (print) music magazine. She eventually transitioned to online media, writing for such sites as UGO/IGN, ComicsOnline, Geek Magazine, Ace of Geeks, Aggressive Comix (where she is still Editor-in-Chief), Bleeding Cool (where she was News Editor), and now Nerdbot as Editor-In-Chief. Over the past 10 years, she’s built a reputation at conventions across the globe as a cosplayer (occasionally), photographer (constantly), panelist and moderator (mostly), and reporter (always). Interviews, reviews, observations, breaking news, and objective reporting are the name of the game for the founder of Harkonnen Knife Fight, a Dune-themed band with an international presence. Though she be but little, she is fierce.