Twitter CEO Jack Dorsey To Step Down

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Jack Dorsey, Twitter’s Chief Executive Officer says he was stepping down from the social media service.

Dorsey stated this in a letter posted to Twitter early Monday.

Dorsey, who co-founded the company, said his departure would be effective immediately, leaving Chief Technology Officer Parag Agrawal to replace him.

“I want you to know this was my decision and I own it,” Dorsey wrote, saying he was sad but also “really happy.” “It was a tough one for me, of course. … There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego. I know we’ll prove this was the right move.”

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