Twitter Co-Founder Jack Dorsey: From Microblogging Pioneer to Billionaire

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Jack Dorsey on Monday stepped down because the chief govt officer of Twitter, the social media agency he helped present in 2006 and steered by way of a high-profile hack and the controversial banning of former US President Donald Trump.

Dorsey, who additionally helms fintech agency Sq., will probably be succeeded by Chief Expertise Officer Parag Agrawal.

Here’s a timeline of milestones in Dorsey tenure at Twitter:

2006: Typed out the microblogging platform’s first submit: “simply organising my twttr”.

2008: Co-founder Evan Williams took over as CEO after the board pushed Dorsey out. Dorsey assumed the function of chairman.

2013: Twitter went public at a valuation of $31 billion (roughly Rs. 2,32,400 crore).

2015: Dorsey returned as CEO after Dick Costolo stepped down.

2017: A Twitter worker on his final day deactivated then US President Donald Trump’s account which was restored 11 minutes later.

2018: Twitter elevated the character restrict of tweets to 280 from 140, sparking a combined response in twitterverse.

2020: Activist hedge fund Elliott Administration pushed for modifications, together with the removing of Dorsey as CEO.

2020: Twitter reached an settlement with Elliott so as to add three new administrators for letting Dorsey keep on as CEO.

2021: Within the wake of the riots on the Capitol, Twitter completely suspended Trump’s account, with the corporate citing a danger of additional incitement of violence.

2021: Twitter outlined plans in February to realize at the least $7.5 billion (roughly Rs. 56,230 crore) in annual income and 315 million monetisable day by day lively customers, or those that see advertisements, by the top of 2023.

2021: In March, Dorsey bought his first tweet as a non-fungible token (NFT) – a form of distinctive digital asset – for simply over $2.9 million (roughly Rs. 21,745 crore).

2021: Former US President Donald Trump in July filed lawsuits towards Twitter, Fb, and Alphabet’s Google, in addition to their chief executives, alleging they unlawfully silence conservative viewpoints.

2021: The corporate stated it had 211 million common monetisable day by day lively customers, as of the three months ended September 30.

2021: Dorsey’s internet value is $11.8 billion (roughly Rs. 88,500 crore) as of November 29, in line with Forbes.

© Thomson Reuters 2021




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