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


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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