JACK DORSEY STEPS DOWN FROM TWITTER

Twitter co-founder Jack Dorsey stepped down as CEO Monday. CTO Parag Agrawal was named CEO.

“There’s a lot of talk about the importance of a company being ‘founder-led,’” he wrote in a staff email he then shared on the microblogging platform he helped create. “Ultimately I believe that’s severely limiting and a single point of failure.”

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