Jack Dorsey, known by the rest of the world as the CEO of Twitter and by the FinTech world as the CEO of Square, has resigned from the former role.
In Brief:
Dorsey released a statement on Monday that he will step down from the role.
Twitter’s current CTO, Parag Agrawal, will step into the role.
Agrawal has been with the firm for a decade.
What does this mean?
Dorsey says he feels confident to hand over the reigns, commenting that the idea a company should be founder led is “severely limiting” and a “single point of failure”. Several comments on social media speculated whether Dorsey will now be taking Square to the next level.
