Dorsey’s resignation was announced on Monday. But last Sunday, without mentioning anything, Dorsey wrote on Twitter, “I love Twitter.”
Ahead of Dorsey’s announcement, US media reported on CNBC that he could resign. The company’s share price rose slightly in the news.
In an e-mail sent to staff announcing his resignation, Dorsey wrote that he did not want Twitter to become a “founder-led organization” that could become one of its weaknesses over time.
Twitter’s board of directors is also changing. Brett Taylor, president of Salesforce, will replace current chairman Patrick Pishet. Patrick, however, remains on the board as head of the audit committee. Dorcio will remain a member, but only until his term expires in 2022.