Jack Dorsey has stepped down as CEO of the social media company Twitter after more than six years.

In a tweet to his 5.9 million followers, Dorsey said he would step down as CEO of giant social media giant Twitter, which he co-founded in 2006. Dorsey announced that the company’s board of directors has been named chief technology officer and Twitter board member Parag Agrawal to replace him.

“I think it’s really important to give Parag the freedom he needs to lead. I think it is important that a company stands on its own two feet, regardless of the founder or his orientation. “

not sure anyone heard it, but

I am resigning from Twitter pic.twitter.com/G5tUkSSxkl

– jack⚡️ (@jack) November 29, 2021

Dorsey served as Twitter CEO from 2006 to 2008 and from 2015 after Dick Costolo’s departure.

It’s unclear whether Dorsey plans to leave the giant to focus on operations at Square and the platform’s initiative to develop a decentralized bitcoin exchange.

On November 19, the decentralized exchange project known as tbDEX released a white paper describing its plans to create a messaging protocol to facilitate relationships. While Dorsey has at times used his platform to make announcements for exchanges, at the time of publication there are no reports that suggest he wants to get more involved in the project.

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