This is shocking.
Twitter CEO Jack Dorsey has stepped down from CEO. He will stay onboard with the company until his term expires in 2022. Many users are shocked by this news and by who will be replacing him.
Parag Agrawal, the company's chief technology officer will be replacing him as CEO. Agrawal joined the company in 2011 and has been the CTO since 2017. Dorsey stated in a tweet that he is both sad and happy that he is leaving the company.
The company's shares are largely unchanged by the news but the news has still shocked many users. This is a big move for the company's future and the effect of the change remains to be seen.