Jack Dorsey, Twitter's CEO and one of its four founders, has stepped down from his role at the company, he announced in an email sent internally, and later tweeted. Dorsey said he would be staying on the company's board until 2022, when his term reportedly ends. In his email, he said that during this time he will be guiding the new CEO (former CTO) Parag Agrawal and board chair Bret Taylor with the transition, after which he will leave. In his email, Dorsey said that his resignation was his own decision. There's a lot of talk about the importance of company being founder-led. Ultimately, I believe that's severely limiting and a single point of failure. I've worked hard to ensure this company can break form its founding and founders. — Internal email by Jack Dorsey However, Twitter's low stock growth coupled with one of the company's investors saying last year that they were keen on replacing Dorsey, may have played a role in his stepping down. Problems raised with Dorsey's leadership Dorsey, who founded Twitter in 2006 has had multiple shifts in his position at the social media platform - Dorsey was fired from his position as CEO in 2008 due to alleged mismanagement and absenteeism, following which he was reinstated in 2015 and moved through higher positions before announcing his resignation yesterday. Among Dorsey's critics, the most vocal has been Elliot Management Corp., an activist investor group that bought a 4% stake in the company and pushed for changes…
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