Dorsey established Twitter with Evan Williams and Biz Stone.It is said that the tweet "Just Setting Up My Twttr" posted by Dorsey on March 21, 2006 is the first public tweet on Twitter.He became CEO in 2007, but the service became unstable in the process of rapidly expanding use, and a groove was generated with Williams over the strengthening of infrastructure, and in 2008, he retired from CEO at the request of the Board of Directors.bottom.
Although Twitter increased the number of users, he struggled with monetization and allowed Facebook's lead in SNS competition.In 2015, Dorsey became a provisional CEO in 2015, as long -term growth was not prospected and stock prices were sluggish.He has succeeded in Square, which provides a payment service/online payment system, and although a voice that questioned the duty of Square's CEO came up at the Board of Directors and continued to search for CEO, Dorsey finally formal.Selected as CEO.
With the return of the founding members CEO, the ecosystem is stable, including the relationship with the developer community that had deteriorated at the time.The provision of new functions to promote the use of end users, and the prospects for positive circulation, in which the expansion of the user base will increase profits, has gradually opened.
Dorsey's second CEO in charge of fake news in the United States became a social issue.Twitter was criticized, but Twitter responded quickly, including freezing former Trump's personal account in the previous US presidential election because of the possibility of fueling violence.There are constant voices that are at risk of social influence, slander, privacy infringement, and risks with advertising as a main source of revenue, but the information dissemination tools are more likely to be exposed to strong headwindsIt shows the value of it and is widely used in the transmission of celebrities, politicians, and companies.
New CEO, Agrawal, joined Twitter as an engineer in charge of advertising in 2011 and became CTO in 2018.As a CTO, we promote consistent machine learning and AI for both consumers and profits.The results have begun to appear in the service, for example, the speed of Twitter, which quickly identifies inappropriate posts and gives priority to judging, has been evaluated in recent years.
Although Dorsey has returned, Twitter has continued to grow stable, but has continued to be under pressure from investors.In February of this year, he announced an ambitious growth strategy that doubled the annual sales of 2023 from 2020, and has continued to enhance its pillars.Dorsey is expected to be questioned by investors in terms of business management, although the traction is weakened by the founder's retirement, and that the management skills of Agrawal will increase the implementation power of expanding profits.It is done.In the NYSE market on Tuesday, Twitter stocks have temporarily risen about 10 % and then descend.
Dorsey, who retired from the Board of Directors in 2007 to 2008 at the request of the Board of Directors, said, "I want to tell everyone that it is my decision and my responsibility."He is not appointed chairman, and leaving Twitter is due to the time when Twitter has been taken over by the founder, and retires so that it does not have any influence to proceed smoothly.
He also chose Agrawal as a new CEO for all Twitter users."This team has a great ambition and possibility. Think. PARAG (Agrawal) started here as an engineer with a deep interest in Twitter, and he is now CEO.I am proud. PARAG, who spends time with Twitter and knows what is needed, can make the most of this energy, "says Dorsey.
