Profile / Who is Jack Dorsey, the outgoing co-founder as Twitter CEO
"There are not many founders who choose their company over their ego. I know we will prove that this was the right step. We will hold a comprehensive meeting tomorrow at 9:05 a.m. to discuss it all. Until then, thank you all for the trust you have given me ", were among the words that Jack Dorsey had written in his 'farewell' email to the executives and staff of the company for which he contributed.
Twitter CEO and co-founder Jack Dorsey has resigned as chief executive, the social media platform announced Monday morning, while Dorsey said he decided to leave because Twitter is "ready to leave its founders".
"There's a lot of talk about the importance of a 'founders-led' company. Ultimately, I believe this is extremely limiting and a failure signal point," Dorsey said in an email to Twitter staff that he posted later on the platform.
"There are not many founders who choose their company over their ego," he added.
Dorsey has experienced considerable turbulence in recent years at the company he co-founded. Last year, Twitter stakeholders Elliott Management tried to remove him from the executive group due to the slow growth of the platform.
Dorsey has also faced backlash over his reluctance to censor users, particularly controversial public figures like former President Donald Trump.
Twitter took steps to manage the spread of misinformation on the platform last year, particularly in connection with the presidential election and the coronavirus pandemic, and earlier this year permanently expelled Trump from the platform.
Dorsey joined other tech CEOs to testify during a congressional hearing in March on the roles of social media platforms in the Jan. 6 Capitol riots in Washington, DC
Dorsey co-founded Twitter with Ev Williams, Biz Stone and Noah Glass in 2006 and served as CEO of the new social media company until 2008 before leaving, only to return for a term. second as chief executive in 2015.
He is also the CEO of Square, the digital financial payment company he founded in 2009.
Hailing as a tech guru, Dorsey is known for a more bizarre lifestyle than his Silicon Valley peers, saying he takes daily ice baths, eats only one meal a day and fasts on weekends. Before working in technology, he trained as a masseur.