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Parag Agrawal becomes new Twitter boss

Technology director Parag Agrawal takes over, the company writes in one press release.

Agrawal has been with Twitter for more than a decade and has served as chief technology officer since 2017. He says he looks forward to building on what the company has achieved under Dorsey’s leadership.

– I have decided to leave Twitter because I think the company is ready to move on from its founders. My confidence in Parag as Twitter’s CEO is deep, says Dorsey, among other things.

He is said to have been the man who got the idea for Twitter when his colleague Evan Williams gave employees at the website Odeo two weeks to work on fun new projects as a way to break up the daily routine.

Trading in the Twitter share was stopped on Monday by the American technology index Nasdaq as a result of Jack Dorsey withdrawing. The share, which has made it weak on the stock exchange, jumped more than 10 percent when trading opened on Monday.

Dorsey will remain a member of the board until his term expires at the general meeting next year.

Bret Taylor has been appointed new chairman of the board. He takes over for Patrick Pichette who will remain on the board and continue to chair the audit committee.

The case is being updated.

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