Credit: Getty<\/span><\/figcaption><\/figure>\nIt was founded in July 2012 and has its headquarters in San Francisco, California.<\/p>\n
Dorsey, the CEO of Dorsey, announced his resignation on November 29, 2021.<\/p>\n
Co-founder Dorsey who holds 2.4 percent of the company stated in his announcement that Parag Agrawal would be taking over as CEO.<\/p>\n
Dorsey said: “I have decided to leave Twitter because the company is ready for me to move on from its founders.<\/p>\n
“My trust in Parag, Twitter’s CEO, is deep. His contribution over the past ten years has been transformative.<\/p>\n
“I’m deeply grateful for his skill, heart, and soul. It’s his time to lead.”<\/p>\n
Has Elon Musk bought Twitter?<\/h2>\n
Twitter’s board reached an agreement with Elon Musk on April 25, 2022 to refer to Musk purchasing the platform for $44billion.<\/p>\n
Musk said that free speech is the foundation of a functioning democracy. Twitter is the digital square where vital issues for the future of humanity can be discussed.<\/p>\n
“I also want Twitter’s best ever features and algorithms to increase trust.<\/p>\n
“Twitter has tremendous potential \u2014 I look forward to working with the company and the community of users to unlock it.”<\/p>\n
The above-mentioned agreement was not reached in July 2022, but talks were resumed in October.<\/p>\n
Twitter’s investment relations Twitter account tweeted on Tuesday, October 4,: “We received the Musk parties letter which they have submitted to the SEC.<\/p>\n
“The intention of the Company is to close the transaction at $54.20 per share.”<\/p>\n<\/div>\n