The Big Bad Jack is dead. He committed resignation Hari Kari. Jack Dorsey is no more at Twitter, and the media would have you believe it was mostly a non-event, with little in the way of sensationalist headlines coming our way, and little controversy being offered regarding the new CEO, the current CFO and tech whiz kid turned tech whiz middle-aged guy, Parag Agrawal.
The news was trickled out at first, with headlines like this from the New York Times, teasing the resignation.
Jack Dorsey Expected to Step Down as C.E.O. of Twitter
From www.nytimes.com
2021-11-29 21:15:48
Excerpt:
In March 2020, Elliott Management struck a deal with Silver Lake, one of Silicon Valley’s biggest investors in technology companies, that allowed Mr. Dorsey to remain at Twitter. The deal also gave Jesse Cohn, the Elliott executive who oversaw the Twitter campaign, a seat on Twitter’s board. Mr. Cohn joined a five-member committee that led a review of Twitter’s C.E.O. succession planning.
Last November, that committee completed its review, saying that it had “updated the C.E.O. succession plan in line with best practices,” according to a regulatory filing, laying a path for the transition. Twitter’s stock began to climb, and in February, Mr. Dorsey announced an ambitious plan to double Twitter’s revenue by the end of 2023. The company also sped up its product pace, releasing new features like audio chat, newsletters, tipping and other updates.
Elliott’s Mr. Cohn stepped down from Twitter’s board in June.
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Seeing the writing in the wall after that evaluation, apparently, Dorsey decided a self-yeet was the best approach, so he did the appropriate, self-preserving thing and exited stage extreme far left to the point that it becomes far right.
Having left the stage, the media decides to ponder on the metaphysical ramifications of a King walking away at the height of his power.
Let us remember, this King took the reins of this machine back in 2015, after one ouster in 2008. What he brought with him was security, and safety, and safety, and security, and a safety and security team led by moon-beamed children who had little regard or care for concepts such as the rights of individuals to express their own beliefs.
Dorsey oversaw the dismantling of what Twitter became after his first ouster, after 2008, a secured place for dissidents to exchange information. Nothing highlighted this more than #greenelection, the hashtag that raged on Twitter in 2010 during the Iran Green Revolution that tragically failed. I was there for that, and Twitter was once the wonderful wild west of expression.
Dorsey saw to it that the adults were once again treated like children, and that Twitter would become nothing but a machine of DNC Inc, a subsidiary of CCP Inc, though one hoping one day to usurp its benefactor.
Now that he’s left, the tech nerd will ride in and free the weird and the offensive once again.,
Jack Dorsey goes Square—leaving Twitter at a time of his choosing
From www.economist.com
2021-11-30 00:00:00
Excerpt:
“THE COMPANY IS ready to move on from its founders,” explained Jack Dorsey, chief executive of Twitter, a distributor of short messages, as he announced on November 29th that he would step down and hand the reins to the firm’s chief technology officer, Parag Agrawal. “About time,” was the grumpy reaction of more than one stockmarket analyst, many of whom had long criticised Mr Dorsey for spreading himself too thinly by running both Twitter and Square, a fast-growing fintech company which he will continue to head. (The chairman of The Economist’s parent company is a director of Square.)
Yet the timing makes sense. Over the past several years Mr Dorsey has pushed through changes at the company that only a founder could (he launched the company with several friends in 2006, was ousted as chief executive in 2008 and took over again in 2015). Now Mr Agrawal will build on the foundations Jack built.
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Dorsey’s “Finally Time for me to Leave” became a part of many headlines reporting this story, the kind of benign phrase that sanitizes the world’s biggest nerd school hall monitor ever created. Jack Dorsey probed the digital halls looking to turn people in for school violations, even inventing many of his own to catch more people.
But what you get here is a glass of artisanal water, a noble nothing, the stoic CEO who walked away from world power.
Twitter CEO Jack Dorsey Steps Down: ‘Finally Time For Me To Leave’ – Forbes – Video Link
From www.forbes.com
2021-11-29 18:08:00
Excerpt:
Twitter CEO and cofounder Jack Dorsey has stepped down as the chief executive, the social media platform announced Monday morning, with Dorsey saying he decided to leave because Twitter is “ready to move on from its founders.”
Video Link
Here, we can spoil the headline that follows, the reason he is resigning is because it is time for Jack to move on.
Jack Dorsey: Why is Jack Dorsey resigning as Twitter CEO? Who will replace Dorsey and what’s his net worth?
From www.edinburghnews.scotsman.com
2021-11-29 18:06:39
Excerpt:
Twitter stock spiked by 11% in value on the last 24 hours on Monday (29 November) following reports that Twitter co-founder and chief executive officer (CEO) Jack Dorsey would be stepping down from his position at the company.
Dorsey has steered the company through controversies such as the platform’s decision to ban former US President Donald Trump from Twitter after the 6 January riots at the Capital and his refusal to accept his loss in the 2020 US Presidential Election.
But the former Twitter CEO confirmed reports this afternoon, announcing his immediate resignation after 15 years at the platform on Monday afternoon.
….According to Bloomberg Billionaire’s Index, Dorsey is worth roughly $12.3 billion (£9.25bn) as the co-founder of Twitter and Square, Inc…..
In Jack Dorsey’s resignation email sent to Twitter employees this afternoon, Dorsey requested that Chief Technology Officer of Parag Agrawal take over as Twitter CEO – saying his trust in Agrawal as new CEO was “bone deep”…..
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Finally we are introduced to the successor, Parag himself, the tech nerd turned world leader. Whole nations quake at the censorship decisions this man is set to decide to favor. Will he keep going DNC-cringe-woke or will he find sanity and turn back towards the Bill of Rights?
Methinks Woketarianizm will still reign on Twitter, whose very power is born from its ‘willingness’ to censor American Presidents, so no politician is safe from the power of Parag, the new leader of the unfree world (ok, so I might be laying it a tiny tad thick, but, in spirit, I am spot on, friends, spot on).
Twitter CTO Parag Agrawal will replace Jack Dorsey as CEO
From www.cnbc.com
2021-11-29 14:20:17
Excerpt:
Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately. Parag Agrawal, Twitter’s chief technology officer, will take over the helm, the company said Monday.
Shares of Twitter closed down 2.74% on the day.
Dorsey, 45, was serving as both the CEO of Twitter and Square, his digital payments company. Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders, the company said. Salesforce President and COO Bret Taylor will become the chairman of the board, succeeding Patrick Pichette, a former Google executive, who will remain on the board as chair of the audit committee.
“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders,” Dorsey said in a statement, though he didn’t provide any additional detail on why he decided to resign.
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Dorsey says a whole lot of nothing in his departure, but Crypto folks love the news. One Crypto wiz is convinced the new tech nerd CEO, the most powerful man in the unfree world, will suddenly turn Twitter towards Bitcoin again. Methinks Twitter will one day soon produce its own crap coin to join the pile of crap coins, so Bitcoin is still not going to be welcome there.
Jack Dorsey Resigning as CEO of Twitter Is Bullish for Crypto, Says Fundstrat – News Bitcoin News
From news.bitcoin.com
2021-11-30 15:37:27
Excerpt:
Twitter now has a new chief executive officer after Jack Dorsey resigned Monday. Dorsey, who is still the CEO of Square Inc., previously said that he wants to focus on bitcoin. Fundstrat Global Advisors’ managing director and head of research explained why Dorsey’s departure from Twitter is bullish for crypto.
Jack Dorsey announced Monday that he has resigned from Twitter. In his letter to the Twitter team, the former CEO explained that it was his decision to leave. Parag Agrawal, who served as Twitter’s chief technology officer, is the new CEO. Dorsey is still the CEO of Square Inc., which is currently working on several bitcoin projects.
Tom Lee, managing partner and head of research at Fundstrat Global Advisors, believes that Dorsey’s resignation from Twitter is bullish for the crypto market. In an interview with CNBC Monday, he was asked what Dorsey’s exit from Twitter means for the bitcoin and cryptocurrency…
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What you can expect from the new tech nerd lord of the unfree world is more aggressive monetization, more aggressive pursuit of corporate buying to expand Twitter’s range of products, so that one day we will choose between having all of our life’s needs met through Twitter, Facebook, Amazon, Alphabet, and TikTok. We’ll have Twitter Ice Cream, Twitter Cars, Amazon Pizzas, etc, etc, etc. Wait, we already have Amazon Pizzas.
Expect more expansion in monetization and acquisition, but little change in their DNC inc implementation of woketarianizm, though some tweaks might be offered to World Leaders in an effort to not encourage more states from developing their own Twitters, free from the tyranny of Parag The Tech Nerd, the Leader of the Unfree World.