Highsnobiety

On November 29, Jack Dorsey stepped down as CEO of Twitter, the social media platform he co-founded in 2006 and helped catapult to the forefront of the tech industry and culture at large.

Parag Agrawal, the company's former chief technology officer, has already replaced Dorsey, who will remain on Twitter's board through May 2022.

On the day of his departure, Dorsey took to Twitter (surprise, surprise) to announce his resignation with a screenshot of a company-wide email explaining the decision.

"There's a lot of talk about the importance of a company being 'founder-led,'" the message begins. "Ultimately, I believe that's severely limiting... I've worked hard to ensure this company can break away from its founding and founders."

Your Highsnobiety privacy settings have blocked this Twitter post.

Agrawal, whose name was relatively unknown before Dorsey's resignation, joined Twitter in 2011. He was named CTO in 2017.

A veteran of the company, Agrawal, 37, worked closely with Dorsey and became something of a confidant to the co-founder during his tenure.

In 2019, Dorsey recruited Agrawal to help oversee Bluesky, a Twitter-funded independent research initiative to create decentralized social media platforms moderated by users themselves.

Interestingly, Agrawal helped develop Twitter's cryptocurrency features, such as the ability to send "tips" in Bitcoin. His areas of interest seem to point towards Twitter's continued expansion into the metaverse, a focus for many companies in the wake of that Mark Zuckerberg news.

Your Highsnobiety privacy settings have blocked this Twitter post.

Dorsey's resignation raises several questions about the behind-the-scenes circumstances that led to his exit. Though he emphasized that his departure was voluntary, the former CEO has faced notable opposition during his time at the company.

Dorsey was initially fired from his role as CEO in 2008, allegedly for clashing with management and employees. He later returned in 2015.

In 2020, conservative activist investor Elliott Management attempted to push Dorsey out of Twitter over concerns regarding the website's stagnant share price and Dorsey's involvement with Square, the payment company he founded in 2009 and still oversees as CEO.

And, in January, Dorsey faced backlash for his handling of Donald Trump's Twitter account — long a hotbed of incendiary posts which many believed helped incite the Capitol riot on January 6.

Agrawal's playbook remains enigmatic.

As some have complained before, Twitter hasn't evolved much since 2015 — to thrive, it may have to embrace the metaverse, a term Dorsey publicly panned while Facebook founder Mark Zuckerberg embraced it.

Though the term may indeed be tossed around too frequently, virtual reality and blockchain-backed technology might hold the key to ensuring Twitter's continued relevance.

We Recommend
  • For His First New Balance Sneaker, Jack Harlow Went Huge (& Elderly)
    • Sneakers
  • So, Who Is Pop Crave, Really?
    • Culture
  • Travis Scott's Signature Jordan Shoe Is Finally Here With a Wild Launch
    • Sneakers
  • Streetwear's Best Duo Is Back, Will It Create Magic Again?
    • Style
  • From Cactus Jack to Off-White™, Shop This Week’s Best Sneaker Releases
    • Sneakers
What To Read Next
  • Margiela & Salomon Have Serious Slip-On Goodness on Their Hands
    • Sneakers
  • For Louis Vuitton, Former Rivals Federer & Nadal Take a Hike (EXCLUSIVE)
    • Style
  • Dogs Are the Main Character at Cannes
    • Style
  • Crocs' First Fashionable Sneaker Is Finally Launching
    • Sneakers
  • At Celine Winter '24, a Fantastic Symphony of Sleek Clothes Awaits
    • Style
  • STEP INTO THE NEXT CHAPTER OF OAKLEY’S FUTURE
    • Style
    • sponsored
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titel Media GmbH (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titel Media GmbH strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titel Media GmbH tests, remediates and maintains the Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.