Jack Dorsey steps down as Twitter CEO

Update: Jack Dorsey stepped down as CEO of Twitter, with Twitter CTO Parag Agrawal taking over. Dorsey will remain on the company’s board through “May-ish.” Original story follows.

Jack Dorsey is expected to step down as CEO of Twitter “in the near term,” according to CNBC’s David Faber, who cited “a number of different people familiar with the situation.” Faber said he doesn’t “know much else” beyond that and wasn’t sure who might be brought in to replace him. The Verge has reached out to Twitter for comment.

Dorsey has been CEO of Twitter since 2015, presiding over a rocky but relatively successful run for the company. During the past couple years, Twitter has started to rapidly roll out new products and features. And while not all of...

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