Current:Home > FinanceMeet Parag Agrawal, Twitter's new CEO -FundConnect
Meet Parag Agrawal, Twitter's new CEO
View
Date:2025-04-23 08:19:50
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! (9234)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- NOAA predicts a 'near-normal' hurricane season. But that's not good news
- Hailey Bieber Shares Health Update One Year After Heart Procedure
- The Real Housewives of New York City Reboot Premiere Date Revealed
- Travis Hunter, the 2
- 20 Mother's Day Gifts Your Wife Actually Wants
- Jennifer Lawrence's Stylish LBD Proves Less Is More
- Today’s Climate: April 17-18, 2010
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- This Stylish Maxi Dress Has Thousands of Glowing Amazon Reviews
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- BaubleBar's Sitewide Jewelry Sale Has Amazing Deals Starting at $10
- Apple 48-Hour Flash Deal: Save $481 on a MacBook Air Laptop Bundle
- Fire Up Your Fashion Memories With the Most Unforgettable Met Gala Moments of All Time
- Highlights from Trump’s interview with Time magazine
- From 4chan to international politics, a bug-eating conspiracy theory goes mainstream
- Kim Kardashian Teases Her Purrfect Fashion Preparation for 2023 Met Gala
- IBM, Professors Team Up to Train ‘Smart’ Students for a Green Jobs Future
Recommendation
The White House is cracking down on overdraft fees
The Best Beauty Looks at the Met Gala Prove It's Not Just About Fashion
Today’s Climate: April 15, 2010
This It Cosmetics Balm Works as a Cleanser, Makeup Remover, and Mask: Get 2 for Less Than the Price of 1
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
The U.S. plans new protections for old forests facing pressure from climate change
Miley Cyrus Goes Back to Her Roots With Brunette Hair Transformation
How a European law might get companies around the world to cut climate pollution