Jack Dorsey, the co-founder of Twitter, is stepping down as CEO after 16 years. Parag Agrawal, the company’s current chief technology officer, will take over as his replacement.
On Monday, he announced his resignation, writing, “not sure anyone has heard but, I resigned from Twitter,” and posted a screenshot of the resignation letter he sent to Twitter.
In his resignation letter, he stated he did not want Twitter to remain a founder-led company, which may be a liability in the long run. “I’ve worked hard to ensure this company can break away from its founding and founders,” Jack wrote. “I believe it’s critical a company can stand on its own, free of its founder’s influence or direction.”
“There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego,” Jack added.
He will remain on Twitter’s board until its next election in 2022, stressed that he had made the decision to leave and had not been forced to go. He said, “Parag is CEO starting today. I’m going to serve on the board through my term (May-ish) to help Parag and Bret with the transition. And after that…I’ll leave the board. Why not stay or become chair? I believe it’s really important to give Parag the space he needs to lead.”
The full resignation letter from Jack Dorsey can be seen below:
Hello team.
After almost 16 years of having a role at our company…..from co-founder to CEO to Chair to Exec Chair to interim-CEO to CEO…I decided it’s finally time for me to leave. Why?
There’s a lot of talk about the importance of a company being ‘founder-led.’ Ultimately I believe that’s severely limiting and a single point of failure. I’ve worked hard to ensure this company can break away from its founding and founders. There are 3 reasons I believe now is the right time.
The first is Parag becoming our CEO. The board ran a rigorous process considering all options and unanimously appointed Parag. He’s been my choice for some time given how deeply he understands the company and its needs. Parag has been behind every critical decision that helped turn this company around. He’s curious, probing, rational, creative, demanding, self-aware, and humble. He leads with heart and soul, and is someone I learn from daily. My trust in him as our CEO is bone-deep.
The second is Bret Taylor agreeing to become our board chair, I asked Bret to join our board when I became CEO, and he’s been excellent in every way. He understands entrepreneurship, taking risks, companies at massive scale, technology, product, and he’s an engineer. All of the things the board and the company deserve right now. Having Bret in this leadership role gives me a lot of confidence in the strength of our board going forward. You have no idea how happy this makes me!
The third is all of you. We have a lot of ambition and potential on this team. Consider this: Parag started here as an engineer who cared deeply about our work and now he’s our CEO (I also had a similar path…he did it better!). This alone makes me proud. I know that Parag will be able to channel this energy best because he’s lived it and knows what it takes. All of you have the potential to change the course of this company for the better. I believe this with all my heart!
Parag is CEO starting today. I’m going to serve on the board through my term (May-ish) to help Parag and Bret with the transition. And after that…I’ll leave the board. Why not stay or become chair? I believe it’s really important to give Parag the space he needs to lead. And back to my previous point, I believe it’s critical a company can stand on its own, free of its founder’s influence or direction.
I want you all to know that this was my decision and I own it. It was a tough one for me, of course. I love this service and company…and all of you so much. I’m really sad……yet really happy. There aren’t many companies that get to this level. And there aren’t many founders that choose their company over their own ego. I know we’ll prove this was the right move.
We’ll have an all-hands meeting tomorrow at 9:05 AM Pacific to discuss it all. Until then, thank you all for the trust you’ve placed in me, and for the openness to build that trust in Parag and yourselves. I love you all.
<div><img width="300" height="150" src="https://www.naijanews.com/wp-content/uploads/2022/11/piZap_1669476186506-300x150.jpg" class="attachment-medium size-medium wp-post-image" alt="" style="margin-bottom: 15px;" decoding="async" srcset="https://www.naijanews.com/wp-content/uploads/2022/11/piZap_1669476186506-300x150.jpg 300w, https://www.naijanews.com/wp-content/uploads/2022/11/piZap_1669476186506-1024x512.jpg 1024w, https://www.naijanews.com/wp-content/uploads/2022/11/piZap_1669476186506-768x384.jpg 768w, https://www.naijanews.com/wp-content/uploads/2022/11/piZap_1669476186506-150x75.jpg 150w, https://www.naijanews.com/wp-content/uploads/2022/11/piZap_1669476186506.jpg 1080w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The National Vice Chairman of the Peoples Democratic Party (PDP) South-south, Dan Orbih, has renounced his membership of the PDP Campaign Council for the Edo State governorship election. Naija News reports that he made this declaration at his country home in Ogbona, Etsako Central Local Government Area of Edo State during a stakeholders’ meeting of […]</p>
<p>The post <a href="https://www.naijanews.com/2024/04/28/edo-2024-orbih-philip-shaibu-adjoto-other-pdp-leaders-gang-up-against-obaseki-ighodalo/">Edo 2024: Orbih, Philip Shaibu, Adjoto, Other PDP Leaders Gang-up Against Obaseki, Ighodalo</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
<img src="https://www.mtlblog.com/media-library/a-woman-poses-with-churros-and-smiles-at-quebec-s-german-christmas-market-right-a-glowing-float-at-the-quebec-city-german-chri.jpg?id=54185919&width=1200&height=800&coordinates=96%2C0%2C96%2C0"/><br/><br/><p>If you're craving a slice of Europe for the holidays but can't afford a plane ticket, <a href="https://www.mtlblog.com/quebec/one-of-the-most-magical-christmas-markets-in-quebec-city-confirmed-itll-be-back-this-year">Quebec City's German Christmas Market</a> is probably the next best thing. </p><p>Just a three-hour drive from Montreal, this <a href="https://www.mtlblog.com/enchanted-alley-montreal-european-christmas-vibes">winter wonderland</a> will make you feel like you've been whisked straight to Germany, right down to the smell of mulled wine and fresh gingerbread. </p><p>Nestled in the heart of <a href="https://www.mtlblog.com/quebec-city-best-christmas-vacation-spot">Old Quebec</a>, the market sprawls across five sites, each one dressed up with lights, wooden kiosks, and all the festive trimmings that make <a href="https://www.mtlblog.com/quaint-village-european-christmas-market-close-to-montreal">European Christmas markets</a> so dreamy. </p><p>This, combined with <a href="https://www.mtlblog.com/visit-quebec-city-from-montreal-during-fall">Quebec City's classic cobblestone streets</a>, historic buildings, and (hopefully!) a dusting of snow, are all the ingredients you need to be transported to Germany—no plane ticket is required!</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/C0XuHEbLWu0/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/C0XuHEbLWu0/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top" rel="noopener">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>This year, the <a href="https://www.mnaq.ca/en/">Quebec City German Christmas markets</a> , also known as Le Marché de Noël allemand de Québec, will begin on November 21 and run until December 23. They're open weekly from Thursday to Sunday. The market's opening hours are 11 a.m. until 9 p.m. on Thursday, Friday and Saturday, and 11 a.m. until 6 p.m. on Sunday.</p><p>The market goes all out to give visitors that authentic German Christmas experience, from rustic wooden kiosks filled with German handcrafted ornaments to carved wooden Santas and beautifully decorated Christmas pyramids imported from Germany itself. </p><p>Local <a href="https://www.mnaq.ca/en/exhibitors/">artisans</a> add their own Quebec twist to gifts, ranging from cozy knitwear to unique art pieces, making it the perfect spot to pick up something special for those on your holiday list.</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/C0pVBJIJ0X3/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/C0pVBJIJ0X3/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top" rel="noopener">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>If you're a foodie, you're in for a treat because this "<a href="https://www.quebec-cite.com/en/what-to-do-quebec-city/events/german-christmas-market">enchanting Christmas village</a>" is packed with delicious snacks that'll instantly transport your taste buds to Europe. </p><p>From traditional German bratwurst and gingerbread to giant pretzels and stollen—a rich, fruit-filled cake that's a holiday tradition in Germany—you can nibble your way around Barvaria without even leaving Quebec. </p><p>For drinks, swing by one of the market's themed bars, like the GlühweinBar, for a warm cup of spiced mulled wine. There's also the AlpenBar, the WinterBar, and the SchokoKaffeeBar, where you can sip on everything from hot chocolate to schnapps while soaking up the authentic European atmosphere.</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/C2PlOFJrwJt/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/C2PlOFJrwJt/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top" rel="noopener">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>When it comes to <a href="https://www.quebec-cite.com/en/what-to-do-quebec-city/why-visit-german-christmas-market">performances and holiday traditions</a>, you can catch choirs singing traditional carols, alphorn players playing tunes, and the market's iconic giant puppets parading through the streets.</p><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CJgNXtvMlZa/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CJgNXtvMlZa/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top" rel="noopener">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>The market is also packed with family-friendly activities, tons of eye-catching decorations, and the opportunity for little ones to meet the big man in red himself.</p><h3>Quebec City's German Christmas market</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/ClY_aBVrrc5/?utm_source=ig_web_copy_link" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/ClY_aBVrrc5/?utm_source=ig_web_copy_link" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top" rel="noopener">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Price: Free entry</p><p>When: November 21 until December 23, 2024</p><p>Address: <a href="https://www.mnaq.ca/en/how-to-get-there/">Various locations</a> around Quebec City</p><p>Why You Need To Go: From Quebec City's natural charm and the festive cheer of the German Christmas market, to the incredible food and drinks to keep you warm, this is a little taste of Europe that's close enough to do on a weekend.</p><p><a href="https://www.mnaq.ca/en/" target="_blank" rel="noopener">Quebec City's German Christmas market website</a></p><p><em>Before you get going, check out our <a href="https://www.mtlblog.com/responsible-travel-guidelines" target="_blank" rel="noopener">Responsible Travel Guide</a> so you can be informed, be safe, be smart, and most of all, be respectful on your trip.</em></p>
