Twitter Co-Founder Jack Dorsey: From Microblogging Pioneer to Billionaire

Jack Dorsey on Monday stepped down because the chief govt officer of Twitter, the social media agency he helped present in 2006 and steered by a high-profile hack and the controversial banning of former US President Donald Trump.

Dorsey, who additionally helms fintech agency Square, will likely be succeeded by Chief Technology Officer Parag Agrawal.

Here is a timeline of milestones in Dorsey tenure at Twitter:

2006: Typed out the microblogging platform’s first post: “just setting up my twttr”.

2008: Co-founder Evan Williams took over as CEO after the board pushed Dorsey out. Dorsey assumed the function of chairman.

2013: Twitter went public at a valuation of $31 billion (roughly Rs. 2,32,400 crore).

2015: Dorsey returned as CEO after Dick Costolo stepped down.

2017: A Twitter worker on his final day deactivated then US President Donald Trump’s account which was restored 11 minutes later.

2018: Twitter elevated the character restrict of tweets to 280 from 140, sparking a blended response in twitterverse.

2020: Activist hedge fund Elliott Management pushed for modifications, together with the removing of Dorsey as CEO.

2020: Twitter reached an settlement with Elliott so as to add three new administrators for letting Dorsey keep on as CEO.

2021: In the wake of the riots on the Capitol, Twitter completely suspended Trump’s account, with the corporate citing a danger of additional incitement of violence.

2021: Twitter outlined plans in February to achieve at the least $7.5 billion (roughly Rs. 56,230 crore) in annual income and 315 million monetisable every day energetic customers, or those that see advertisements, by the top of 2023.

2021: In March, Dorsey bought his first tweet as a non-fungible token (NFT) – a type of distinctive digital asset – for simply over $2.9 million (roughly Rs. 21,745 crore).

2021: Former US President Donald Trump in July filed lawsuits in opposition to Twitter, Facebook, and Alphabet’s Google, in addition to their chief executives, alleging they unlawfully silence conservative viewpoints.

2021: The firm mentioned it had 211 million common monetisable every day energetic customers, as of the three months ended September 30.

2021: Dorsey’s internet price is $11.8 billion (roughly Rs. 88,500 crore) as of November 29, based on Forbes.

© Thomson Reuters 2021