Home Business Jack Dorsey Announces He Will Never Return as Twitter CEO

Jack Dorsey Announces He Will Never Return as Twitter CEO

Jack Dorsey Announces He Will Never Return as Twitter CEO
Source: NDTV

Jack Dorsey is attempting to dispel suspicions that he would be reinstalled as CEO of Twitter after Elon Musk takes over. He responded to someone predicting he will return to run the firm he co-founded on Wednesday by tweeting, “nah I’ll never be CEO again,” before going on to imply he doesn’t want the job.

Dorsey also claims that “no one eventually” should be Twitter’s CEO in another comment, possibly referring to Bluesky, a project that aims to transform Twitter into a decentralized protocol rather than a typical social network.

Dorsey has a tumultuous past with Twitter’s leadership position. In 2008, the business’s board of directors removed him as CEO, barely two years after he helped create the company (though he stayed on the board). After two former CEOs, he returned to the helm of Twitter in 2015, but in 2020, a group of investors on the board of directors began attempting to oust him. Dorsey was able to keep his position despite his split focus and lack of inventiveness. However, he resigned in November 2021 for reasons that remain unclear.

Following Dorsey’s resignation, Twitter’s CEO was replaced by Parag Agrawal. At this moment, though, it appears that he will not be staying long. Elon Musk is slated to acquire the firm and take it private (a tale that began with him just wanting to become a board member, then backing out of the agreement), and it’s claimed that if the sale goes through, he’ll serve as interim CEO. Musk, on the other hand, is a busy man who has to operate both SpaceX and Tesla, so it’s probable he’ll want to find someone else to take over.

People assumed Jack was Elon’s decision, which made logical. Dorsey has recently been slamming Twitter on Twitter, making it appear as though he isn’t thrilled with the company’s trajectory (though he has sprinkled in enough good messages to keep us wondering). He also appears to agree with Musk on a couple things about Twitter’s future.

Unfortunately, Jack appears to be done as CEO, stating that “it’s time to roll the dice again.”

Oh, and if you’re thinking to yourself, “wait, isn’t he still the CEO of Square?” “Do you mean Block?” The answer is kind of. Block announced last month that Dorsey will be renamed “Block Head” at the firm. He sought the title change in a document addressed to the US Securities and Exchange Commission. It’s no surprise that he was considered the best candidate to administer Elon Musk’s “technoking” Twitter account.