Jack Dorsey steps down as Twitter CEO, Parag Agrawal named as new head

Jack Dorsey, the CEO and co-founder of Twitter, is believed to be preparing to step away from his role as the head of the micro-blogging app.Following an early leak of the departure, ex-Twitter CEO Jack Dorsey has stepped down from his post. Following the report, Twitter's shares rocketed up 11%. Twitter has so far declined to comment on the matter.This is Dorsey's second exit from the CEO role. In 2008, he moved from being a CEO to the board chairman, but then became interim CEO in 2015 following the resignation of Dick Costolo. Read more...