20 votes

Jack Dorsey resigns as Twitter CEO

Posted by rkcr
Tags: social media, business, ceo, resignation, author.jack dorsey, source.twitter
https://twitter.com/jack/status/1465347002426867720
@jack⚡️:
not sure anyone has heard but,I resigned from Twitter pic.twitter.com/G5tUkSSxkl

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Title
jack⚡️ on Twitter: "not sure anyone has heard but,I resigned from Twitter pic.twitter.com/G5tUkSSxkl / Twitter"
Authors
jack⚡️
Word count
37 words

5 comments

  1. [2]
    stu2b50
    Link
    I'm not too surprised by this. He's been running two major tech companies for a while, and Square has been the one on a skyrocketing trajectory (whereas Twitter has been in a malaise for the last...

    I'm not too surprised by this. He's been running two major tech companies for a while, and Square has been the one on a skyrocketing trajectory (whereas Twitter has been in a malaise for the last bit). Twitter, I can imagine, is also the much more annoying company to figurehead - think about all the times he had to be the Congressional punching bag!

    I've seem some FUD over Elliot Management's attempt to oust him last year, but I think it's unrelated. The new CEO was the CTO, has been the CTO for the last 5 years, has only had technical roles and is an immigrant to boot - seems unlikely to have any relation to Republican machinations.

    It wouldn't surprise me if Parag already made most of the company decisions while Dorsey talks to Congress, peddles cryptocurrencies, and manages his other multi billion dollar company.

    13 votes
    1. UniquelyGeneric
      Link Parent
      I also wonder if this is an admission that social media may be too far gone to save us from itself. Dorsey seemed the single tech CEO most concerned with addressing some of the toxic elements of...

      Twitter, I can imagine, is also the much more annoying company to figurehead - think about all the times he had to be the Congressional punching bag!

      I also wonder if this is an admission that social media may be too far gone to save us from itself. Dorsey seemed the single tech CEO most concerned with addressing some of the toxic elements of society that social media has proliferated, and yet it still seems an intractable problem nonetheless (despite some prominent moves like banning Trump).

      Why continue to lead a company that regularly has to walk the line between free speech and misinformation? Despite Twitter being Dorsey’s child, the problems are endemic to all of social media, and “solving” Twitter won’t change Zuckerbergs’s prerogative, either.

      To be honest, I feel somewhat apathetic with this departure as Dorsey seemed like a figurehead more than anything at this point, and perhaps he just needed to distance himself from it all (MySpace Tom clearly made the right move by cashing out early and enjoying life). While I’m bummed that one of the more thoughtful industry leaders is taking a step back, I’m not sure he has the answers we need any more than someone fresh off an ayahuasca trip.

      6 votes
  3. [2]
    Seven
    Link
    I hope that the Twitter NFT integration will be halted now that Jack is no longer there to put pressure on Twitter to implement it.

    I hope that the Twitter NFT integration will be halted now that Jack is no longer there to put pressure on Twitter to implement it.

    2 votes
    1. cfabbro
      (edited )
      Link Parent
      Probably not. According to Casey Newton: Jack steps back - Theories on why now, and what to expect from Parag Agrawal's Twitter. (Hint: crypto)

      Probably not. According to Casey Newton:

      Jack steps back - Theories on why now, and what to expect from Parag Agrawal's Twitter. (Hint: crypto)

      In any case, Agrawal is likely to surface another cultural tension inside the company. He is among the executives who has been most focused on cryptocurrencies, and encouraged Dorsey to allow Twitter to explore decentralization and other related technologies. The company has so far announced Bluesky, which could turn Twitter into a decentralized protocol; Bitcoin-based tips; and (maybe eventually) NFT profile pictures.

      Given Dorsey’s religious devotion to Bitcoin, it makes sense that he would want to hand the reins to a fellow believer. But given how polarizing crypto culture is generally, it bears watching how many Twitter employees will come along for the ride — and what may fall by the wayside as a result. Of course, that depends in part on how hard Agrawal leans in. But the early indications are that it’s a high priority for him.

      3 votes