By James.
North America technology reporter.
One of Silicon Valley's eccentrics is Jack Dorsey.
If he was a character in a movie, you would think he was cliche.
He believes that technology can bring about peace and prosperity.
He's a kind of hippie libertarian, a philosophy that is somewhat baffling at times. He is a genuine tech visionary.
He left the social media site for the second time. After leaving the social media giant that he co-founded, he setup the digital payments company Square, which has become wildly successful.
He came back to the social media site in 2015.
He was running both companies until Monday, a situation that didn't sit well with many investors.
Last year he was asked by a large investor to choose between the two. They wanted a chief executive who was not spending their time on other things.
The part that explains why the share price didn't dive when the leader resigned again is here.
There has been a belief among investors for a long time that the company is leaving money on the table and that it could make more money from its large user base.
A chief executive that was focused on the social media site might help.
It's a relative minnow when you compare it to other websites.
Some people think that the reason for the growth of the company is because of Dorsey. A person who helped create the platform but didn't want monetization at the expense of user experience.
To be fair to him, he has tried to find ways to make more money. He wants to double revenue by the end of the year and has a target of 315 million monetizable users by the end of the year.
The target of adding users on the micro-messaging site is ambitious.
It's a goal that Parag will inherit.
Indian born, Agrawal has risen through the ranks to become a respected and competent chief technology officer. He has a huge job ahead of him, and he has been described as a safe pair of hands.
Agrawal immediately takes on Dorsey's monetization headaches. It's not a Facebook. The data it holds is not as valuable to advertisers because it holds less information about you.
You can only serve so many ads to users. It can be difficult to balance high growth with revenue increase.
The man had become obsessed with cryptocurrencies.
He set up a dedicated team to look at ways in which the company embraces digital assets.
The team was to sit under the new chief executive's desk, a sign that digital currencies will be a key part of his vision for the company's growth.
The US has become deeply political in the past few years, and that has led to moderation problems.
Democrats say the platform hasn't done enough to take down fake news. They argue that its systems are not good at locating hate speech.
The Republicans say the platform has an anti-conservative bias because it banned Donald Trump after the Capitol Hill riots.
It is likely that Agrawal will be called in front of Congress sooner rather than later, as he has gone from relative obscurity to a major public figure overnight.
Some Conservatives are using a quote from the Daily Show as proof that the new chief executive is left-leaning.
The barb at the companies they created was included in the farewell email.
The image is from the same source.
The image caption is.
Jack Dorsey is speaking at a convention.
There's a lot of talk about the importance of founder-led companies. He believes that is limiting and a single point of failure.
The target of that statement appeared to be Mark Zuckerberg, who had said publicly that he doesn't like being a boss.
The sentiment has a bigger significance. Bill Gates, Jeff Bezos, Sergey Brin, Larry Page, Steve Jobs, and now Jack Dorsey are just some of the eccentric tech founders who have been replaced with safe options.
Perhaps it's time for the social media site to get that.
He's still young at 45. Square is now worth $100 billion after he took a break from social media.
He has earned the right to be taken seriously despite being a figure of satire.
Social media.
Jack Dorsey is a person.
There is a social media site called the Twitter.
