Jack Dorsey

Dorsey will remain on the board until his term expires in 2022. He has been succeeded by Twitter’s current chief technology officer, Parag Agrawal. Agrawal joined Twitter in 2011 and has been CTO since 2017.

Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock was up on the news before being halted due to news pending. Dorsey, 45, currently serves as both the CEO of Twitter and Square, his digital payments company.

The chief executives of Twitter, Alphabet and Facebook (l-r: Jack Dorsey, Sundar Pichai and Mark Zuckerberg) will appear before a House panel, where they will face questions about social media’s role in fomenting discord and their decisions to suspend or ban former President Trump.

“I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter,“ Twitter CEO Jack Dorsey wrote. But he added: ”I believe this was the right decision for Twitter.” Dorsey acknowledged that shows of strength like the Trump ban could set dangerous precedents, even calling them a sign of “failure.” Although not in so many words, Dorsey suggested that Twitter needs to find ways to avoid having to make such decisions in the first place.

Mark Zuckerberg of Facebook and Jack Dorsey of Twitter testified Tuesday about their platforms, misinformation and the 2020 election.

The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai to testify for a hearing Wednesday. The executives agreed to appear remotely after being threatened with subpoenas. With the presidential election looming, Republicans led by President Donald Trump have thrown a barrage of grievances at Big Tech’s social media platforms, which they accuse without evidence of deliberately suppressing conservative, religious and anti-abortion views. Above (l-r): Dorsey, Pichai and Zuckerberg.

Twitter CEO Jack Dorsey said on Friday his company had been wrong to block links to an article making claims about Democratic presidential candidate Joe Biden’s son. “Our goal is to attempt to add context, and now we have capabilities to do that,” he tweeted here.

The Senate Commerce Committee voted last week to authorize subpoenas for (l-r) Twitter’s Jack Dorsey, Sundar Pichai of Google and Facebook CEO Mark Zuckerberg to force them to testify if they didn’t agree to do so voluntarily. Spokespeople for the companies said Monday that the CEOs will cooperate and appear at an Oct. 28 hearing.

Twitter said today that Silver Lake will make a $1 billion investment in the company. That money, along with cash on hand, is expected to be put toward a $2 billion stock buyback. Jack Dorsey remains the social media company’s CEO.