Current:Home > FinanceMeet Parag Agrawal, Twitter's new CEO -AlphaFinance Experts
Meet Parag Agrawal, Twitter's new CEO
View
Date:2025-04-16 04:19:26
When Jack Dorsey abruptly stepped down as Twitter CEO on Monday, he handed the reins to Parag Agrawal, a software engineer who has become one of Dorsey's closest allies in shaping the social media company's future.
Dorsey's trust in Agrawal as CEO "is bone deep," the outgoing chief told employees in an email on Monday. "He's been my choice for some time given how deeply he understands the company and its needs," Dorsey wrote.
Twitter insiders say Agrawal is a close confidant of Dorsey who shares the co-founder's vision of a future in which Twitter runs on technology that gives users greater control. They're both enthusiasts of cryptocurrencies and the blockchain, which they expect to play key roles in Twitter's future.
Agrawal has been closely involved in related projects at Twitter. He has worked on efforts to let users send tips using bitcoin and other cryptocurrencies, and recently hired the head of a new dedicated crypto team. He also oversees the company's Bluesky project, which aims to build decentralized social networking software on which any number of platforms could run.
Still, some current and former employees told NPR they were surprised Agrawal was tapped for the role, given that his profile inside the company is lower than others in Twitter's executive ranks. He's also little known outside the company, in contrast to Dorsey, whose eccentric health habits (he told Wired Magazine in 2020 that he eats just one meal a day and tries to spend two hours a day meditating), beard length and bitcoin obsession have fueled headlines for years.
The 37-year-old Agrawal is a computer scientist who studied at the Indian Institute of Technology and Stanford University before joining Twitter a decade ago. He worked on advertising products and the company's engineering architecture. In 2017, Dorsey named him chief technology officer.
In his own email to Twitter staff, Agrawal noted that when he joined, the company had fewer than 1,000 employees.
"I've walked in your shoes, I've seen the ups and downs, the challenges and obstacles, the wins and the mistakes," he wrote.
He's worked on machine learning and other technical advances that have enabled Twitter to roll out new features and products more quickly, as it's tried to shake off a reputation for being slow to innovate.
Agrawal has also championed an internal team of researchers investigating whether Twitter's algorithms are fair. Recently that team published research that found its automated photo-cropping system favored white faces, and Twitter announced it was abandoning the software.
"Parag has been behind every critical decision that helped turn this company around," Dorsey wrote.
The handover comes at a critical moment for major social media platforms, including Twitter, Facebook, Instagram and YouTube.
"There's a lot of heat and a lot of friction and politics associated with being these social networks on which so much public conversation plays out," said Margaret O'Mara, a historian of Silicon Valley at the University of Washington.
"Mark Zuckerberg is looking to the metaverse," she said, referring to Facebook's recent pivot to building immersive virtual reality experiences and corporate rebranding as Meta.
"Perhaps Twitter is looking at, 'What is the next-gen social network going to be? Is it going to be more decentralized? Is it going to be more user controlled?'" she asked.
It's up to Agrawal to answer those questions.
veryGood! (7)
Related
- Trump wants to turn the clock on daylight saving time
- 2024 Salzburg festival lineup includes new productions of ‘Der Idiot’ and ‘The Gambler’
- Arizona toddler crawls through doggie door before drowning in backyard pool, police say
- Family of West Palm Beach chemist who OD'd on kratom sues smoke shop for his death
- Sam Taylor
- DeSantis appointees accuse Disney district predecessors of cronyism; Disney calls them revisionist
- Cleveland Guardians win 2024 MLB draft lottery despite 2% chance: See the full draft order.
- Enrique Iglesias Shares Sweet Update About His and Anna Kournikova's Kids
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- US experts are in Cyprus to assist police investigating alleged sanctions evasion by Russians
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Oregon power company to pay nearly $300 million to settle latest lawsuit over 2020 wildfires
- Suspect in custody after 6 dead and 3 injured in series of attacks in Texas, authorities say
- Republicans threaten contempt proceedings if Hunter Biden refuses to appear for deposition
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- Senior UN official denounces ‘blatant disregard’ in Israel-Hamas war after many UN sites are hit
- Michael Oher demanded millions from Tuohys in 'menacing' text messages, per court documents
- California inmate charged with attempted murder in attack on Kristin Smart’s killer
Recommendation
Chief beer officer for Yard House: A side gig that comes with a daily swig.
Activists say their voices are stifled by increasing rules and restrictions at COP28 climate talks
Stock market today: Asian shares surge as weak US jobs data back hopes for an end to rate hikes
Fantasia Barrino Reflects on Losing Everything Twice Amid Oscar Buzz
'Stranger Things' prequel 'The First Shadow' is headed to Broadway
As COP28 talks try to curb warming, study says Earth at risk of hitting irreversible tipping points
UN climate talks near end of first week with progress on some fronts, but fossil fuels lurk
Humpback whale calf performs breach in front of Space Needle in Seattle: Watch