[Blockchain Today Correspondent Han Ji-hye] Twitter CEO Jack Dorsey has stepped down as Twitter CEO to focus on cryptocurrency. Doshi currently serves as CEO of Twitter and digital payments company Square.
According to the Wall Street Journal (WSJ) on the 29th (local time), Jack Dorsey will step down as Twitter CEO, but Square will remain CEO. This is because Square is related to cryptocurrency and has a large market cap. Square has a market cap of $100 billion, while Twitter has a market cap of $37 billion.
He is focusing on popularizing cryptocurrencies, recently announcing that he is “considering an open source-based bitcoin mining system for individuals and businesses around the world.” Sources are arguing that the city has resigned as its Twitter CEO to focus on cryptocurrency.
In a statement today, Twitter announced that co-founder and CEO Doshi will step down immediately as CEO. Twitter added that the board had unanimously appointed Chief Technology Officer Farag Agrawal as its successor.
contact@blockcast.cc
