Agrawal joined Twitter as a software engineer and has been
with the company for over a decade. He was appointed chief technology officer
in October 2017. He oversaw Twitter's technical strategy and was responsible
for improving the pace of software development, while advancing the use of
machine learning across the company.
Project Bluesky
Since December 2019, Agrawal has also been working on
Project Bluesky, an independent team of open source architects, engineers and
designers to combat abusive and misleading information on Twitter.
Bluesky is seeking to introduce a new decentralised
technology, the idea being that Twitter and others will become clients of
Bluesky and rebuild their platforms on top of the standard, Dorsey has said
previously.
Ex-Microsoft, Yahoo
Before joining Twitter, Agrawal worked at Microsoft Corp,
Yahoo and AT&T Labs Inc. in their research units, according to his LinkedIn
profile.
Stanford Graduate
Agrawal has a Ph.D. in computer science from Stanford
University and a bachelor's degree in computer science and engineering from
Indian Institute of Technology, Bombay, according to his profile on Twitter’s
“about” page.
How did the markets react to the announcement?
Ahead of the US markets opening on Monday, the news of
Dorsey stepping down broke, in response to which the shares of Twitter jumped
10% on the opening bell. The scrip later erased gains and closed 2.74% lower
than its previous close on NASDAQ.
Why did Jack Dorsey resign?
In an mail to Twitter employees, Dorsey wrote: “There’s a
lot of talk about the importance of a company being “founder-led”. Ultimately,
I believe that’s severely limiting and a single point of failure”. Twitter’s
Board of Directors had been looking for a replacement for Dorsey since the last
one year, in an attempt to get a full-time CEO for the microblogging site. The
45-year old co-founder of Twitter has been allocating his time to his other
ventures including digital payments firm Square, which he also co-founded.
According to reports, the board of Twitter had been looking for a full-time CEO
for the social media company since the last one year. Dorsey, co-founded
Twitter in 2006, and served as CEO till 2008 before he was pushed out of his
role. He returned to the company in the executive role in 2015 after former CEO
Dick Costolo resigned.
What does it mean for Agrawal?
For Agrawal, the appointment has come at a time when Twitter
is aggressively pushing for growth. Earlier this year, the firm announced its
aims to have 315 million monetisable daily active users by the end of 2023 and
to at least double its annual revenue by then. He takes over the company’s
executive role when it has come under fire from investors for not launching any
new monetisable product for years — something that led to the 2023 plan being
announced.
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