Twitter CEO Jack Dorsey Is Said to Be Stepping Down

New York: Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately. Parag Agrawal, the company’s chief technology officer, will take over the helm, the company said Monday. Dorsey was serving as both the CEO of Twitter and Square, his digital payments company.Also Read - Twitter Likely to Roll Out 'Reactions' Feature Soon For iOS Users | Deets Inside

Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders, the company said. Bret Taylor will become the Chairman of the Board. Also Read - WhatsApp Gets Custom Sticker Maker Feature | Know How To Use