Twitter’s Leadership Changes Come At Critical Moment

Share post:

On Monday, Twitter co-founder Jack Dorsey announced that Parag Agrawal, Twitter’s chief technology officer and architect of the social media platform’s efforts to develop a decentralized and open standard or the social media industry, will take the helm at Twitter.

The 10-year Twitter veteran, who holds a Ph.D. from Stanford and a bachelor’s degree from the very prominent Indian Institute of Technology, will now have to balance the projects the company is preparing for the future with the daily challenges of a social media platform that faces intense scrutiny from investors, lawmakers, and activists.

The shift to Agrawal’s leadership arrives at a critical time for the company, which is seeking significantly higher revenue and user growth goals for its investors.

Twitter’s financial goals include doubling annual revenue to at least $7.5 billion and making more than 100 million monetizable daily users available by 2023. Twitter now has 211 million daily users who can view ads.

Twitter is aggressively experimenting with new features and looking beyond ads to boost its revenue. In the US, New Zealand, Australia and Canada, the social media giant launched a new subscription service called Twitter Blue which allows users to undo tweets and read articles ad-free.

For more information, read the original story from CNET.



Related articles

Microsoft announces enhanced security feature for OneNote

Microsoft has released further information on the increased security measures it is deploying for OneNote in order to...

Google Drive rolls out new search filters

Google Drive has launched new search filters for users to quickly find and retrieve files. The new filters...

Russian hacker group steals Emails of NATO officials and diplomats

Since February 2023, a Russian hacking gang known as TA473 or 'Winter Vivern' has targeted unpatched Zimbra endpoints...

Nearly 70% of IT leaders to increase outsourcing

According to research performed by software development business JetRockets, almost 70% of IT executives are increasing their demand...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways