He will be supplanted by the current boss specialized official, Parag Agrawal, Twitter said.
Mr Dorsey, who helped to establish Twitter in 2006, has been filling in as CEO of both Twitter and installment firm Square.
It’s at last an ideal opportunity for me to leave he wrote in an assertion, saying the organization was prepared to continue on.
Mr Dorsey said he had profound trust in his substitution. I’m profoundly appreciative for his expertise, heart, and soul. It’s his chance to lead, he said.
Mr Agrawal joined Twitter in 2011, and has been the company’s head of innovation beginning around 2017.
Twitter’s portion cost hopped marginally as bits of gossip about his takeoff arose.
Exchanging of offers on the stock trade was briefly ended subsequently, yet has since continued.
Fresh insight about Mr Dorsey’s flight was first announced by CNBC on Monday, refering to mysterious sources acquainted with the matter. Reuters news office independently announced it had been told something similar.
In a different message to the authority corporate proclamation, Mr Dorsey tweeted: “Not certain anybody has heard but rather I left Twitter.
There’s a great deal of talk about the significance of an organization being ‘organizer driven’. Eventually I trust that is seriously restricting and a weak link, he wrote in a connected email he shipped off staff.