Twitter CEO Jack Dorsey is reportedly planning to resign from his position at the social media company, but it remains unclear if he intends to focus on Square’s operations and the platform’s ambition to build a decentralized Bitcoin (BTC) exchange.
Jack Dorsey plans to step down as Twitter CEO
Twitter CEO Jack Dorsey is reportedly planning to resign from his position at the social media company.
According to a CNBC story on Monday, Dorsey is set to stand down as CEO of social media behemoth Twitter, which he helped co-found in 2006. It’s unclear whether Dorsey intends to leave Twitter to focus on Square’s operations and the platform’s ambition to build a decentralized Bitcoin (BTC) exchange.
I love twitter— jack⚡️ (@jack) November 28, 2021
On November 19, the tbDEX decentralized exchange project released a white paper outlining its aims to develop a message protocol that will support trust connections without relying on a federation to manage access.
Though Dorsey has occasionally used his platform – 5.9 million followers — to make announcements for the exchange, there are no rumors that he plans to get more active in the project at the time of writing.
Dorsey was Twitter’s CEO from 2006 to 2008, then again from 2015 until the present, after Dick Costolo stepped down. Square and Twitter stock both climbed nearly 3% as news of Dorsey’s resignation spread on social media.
