The journey of Twitter’s former CEO Jack Dorsey: from microblogging pioneer to billionaire

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Jack Dorsey stepped down Monday as chief executive officer of Twitter, the social media company he co-founded in 2006 and steered through a high-profile hack and the controversial ban on former US President Donald Trump.

Dorsey, who also heads the fintech company Square, will be replaced by Chief Technology Officer Parag Agrawal.

Here is a timeline of the milestones in Dorsey’s tenure on Twitter:

2006: I wrote the first post on the microblogging platform: “just setup my twttr”.

2008: Co-founder Evan Williams took over the position of CEO after the board ousted Dorsey. Dorsey took on the role of chairman.

2013: Twitter went public with a valuation of $ 31 billion.

2015: Dorsey returned as CEO after Dick Costolo resigned.

2017: A Twitter employee deactivated the account of then US President Donald Trump on his last day, which was restored 11 minutes later.

2018: Twitter increased the character limit on tweets from 140 to 280, causing mixed reactions on Twitterverse.

2020: Activist hedge fund Elliott Management pushed for change, including removing Dorsey as CEO.

2020: Twitter has reached an agreement with Elliott to add three new directors so Dorsey can remain as CEO.

2021: In the wake of the unrest in the Capitol, Twitter blocked Trump’s account permanently, and the company pointed to the risk of further incitement to violence.

2021: Twitter outlined plans in February to generate at least $ 7.5 billion in annual revenue by the end of 2023.

2021: In March, Dorsey sold his first tweet as a non-fungible token (NFT) – a type of one-of-a-kind digital asset – for just over $ 2.9 million (about Rs.21,745 billion).

2021: Former US President Donald Trump filed lawsuits against Twitter, Facebook, and Alphabets Google and their bosses in July for alleging they were illegally silencing conservative views.

2021: The company said that in the three months ended December 30,

2021: According to Forbes, Dorsey’s net worth on Nov. 29 was $ 11.8 billion (approximately Rs.88,500 billion).

© Thomson Reuters 2021

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