Jack Dorsey steps down as Twitter CEO; Parag Agrawal succeeds him

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Jack Dorsey is stepping down as the CEO of Twitter, which he co-founded. Here he’s shown at a bitcoin convention in June. Joe Raedle/Getty Images

Joe Raedle/Getty Images

Jack Dorsey is stepping down as CEO of Twitter, the social media company he co-founded in 2006. He will be replaced by Twitter’s chief technology officer, Parag Agrawal, a 10-year veteran of the company.

Twitter stock rose on the news, which was first reported by CNBC.

“I’ve decided to leave Twitter because I believe the

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