Twitter's two-word response to Jack Dorsey stepping down & Parag Agrawal taking over

As the 45-year-old ex-Twitter boss Jack Dorsey announced on Monday that he has resigned from American microblogging and social networking service and called it quits to his CEO role, Twitter’s official handle left a two-word response on his resignation letter, outlining the reason that fostered his decision. Announcing the Indian techie Parag Agrawal's takeover as the CEO of the social media giant, Dorsey said, after “almost 16 years of having a role at the firm, I finally decided that it was time to leave.” Further, Dorsey acknowledged that if he had decided to retain his position at Twitter, it may have proven to be “severely limiting [for the company] and a single point of failure.” 

The former Twitter boss then revealed that Parag has been his prominent choice for leading the company for a significantly long time “given how deeply he understands the company and its needs.” He then went on to add that the Indian origin tech expert had been behind the firm’s “every critical decision that turned around the company.”  “We have a lot of potential and ambition on this team,” said Dorsey, adding that the newly designated CEO “deeply cares about the work.” As ex-Twitter boss showered heap of praises on the incoming CEO, describing that he has decided not to be a part of the board or the chair in Twitter and instead resign to “give Parag the space he needs,” Twitter’s official handle labelled Dorsey “absolute legend.” 

Jack Dorsey steps down 

Jack Dorsey has stepped down from his post as the Twitter CEO. IIT Bombay alumnus Parag Agrawal, who was also the Chief Technology Officer of the company, is all set to succeed Dorsey as the new Twitter CEO. Agrawal took to the micro-blogging site and shared an official statement confirming the same. The company's board members have unanimously appointed the company's CTO Parag Agrawal as his successor. Dorsey dropped a screengrab of his resignation mail on his Twitter handle. He captioned it, "not sure anyone has heard but, I resigned from Twitter." "I've decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter's CEO is deep. His work over the past 10 years has been transformational. I'm deeply grateful for his skill, heart, and soul. It's his time to lead," Dorsey said in his statement.