Jack Dorsey will step down and hand the reins to the firm’s chief technology officer, Parag Agrawal
Mr Dorsey’s very first move, on December 1st, was to give Square a new name: Block. The firm has existing plans to expand in blockchain technologies; if it is to satisfy Mr Dorsey’s interest in bitcoin, a cryptocurrency, it will have to move fast.
Since then Twitter has undergone a reboot of sorts. It has ditched its custom-built technology infrastructure and moved most of its computing to big clouds such as Amazon Web Services. As a result, it can more easily introduce new product features. It has also rebuilt its advertisement platform, allowing it to target ads better. The results have been noticeable.
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