Twitter gets a new leader © Ellian Raffoul courtesy of Twitter via AP Jack Dorsey’s announcement Monday that he is exiting Twitter after co-founding the company and serving as its CEO for the last six years is a seismic shift for a social media company at the heart of politics and the news media. Dorsey will be replaced atop Twitter’s hierarchy by former chief technology officer Parag Agrawal, who joined the company in 2011 as a software engineer. The change in leadership offers an opportunity for Twitter to shift course in any number of ways, but does not necessarily mean that major changes are imminent, according to a number of close observers. “It's a very big event obviously at a very important company,” Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights, told The Hill. “I don't think it necessarily indicates that either there's something really bad going on or that the company is going to take a dramatic change in direction.” Dorsey's departure comes as Twitter has set high new goals for user and revenue growth and rolled out a series of new products. It also takes place as Twitter remains under the microscope for the role it and other social media firms have played in stoking an increasingly divided nation. Twitter was the social media forum of choice for President Trump, who was only removed from the platform after the Jan. 6 attack on the Capitol by a mob of his supporters. Read more about the shift here. |
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