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Twitter CEO Jack Dorsey to Step Down, Parag Agrawal Named Successor

Twitter CEO Jack Dorsey to Step Down, Parag Agrawal Named Successor

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business  #Digital Dorsey, who co-founded the social networking site, will remain on the company's board of directors through his current term, then leave the company entirely in 2022. Twitter CEO and co-founder Jack Dorsey will step down as the tech company’s chief executive. Parag Agrawal, Twitter’s CTO, will succeed Dorsey as the company’s new CEO, effective immediately. Twitter announced the news Monday, with the company’s board unanimously approving of Agrawal as Dorsey’s replacement. Dorsey will remain on Twitter’s board of directors through his current term, which runs into 2022. Once his term ends, Dorsey told staff in…
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Twitter Rolls Out Tipping Feature to All Adult Users, Adds Bitcoin as Payment Method

Twitter Rolls Out Tipping Feature to All Adult Users, Adds Bitcoin as Payment Method

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Digital #Technology Tips are now available for all 18+ users on iOS, with Android expected to follow in the coming weeks. Twitter is rolling out its tipping feature to all users 18 and older beginning Thursday and has added Bitcoin as another accepted form of payment. The social media platform began testing its Tips feature earlier this year with a select group of users, and payments could be processed via Bandcamp, Cash App, Chipper, Patreon, Razorpay, Wealthsimple, Venmo or GoFundMe, depending on the user’s choice. With Thursday’s updates, U.S. users will also get to…
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Twitter Tops 206M Users, Soars Past Revenue Expectations

Twitter Tops 206M Users, Soars Past Revenue Expectations

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT The social media company reported revenue of $1.19 billion in the quarter (up 74 percent year over year), led by a reinvigorated advertising business. But its U.S. user base declined slightly. Twitter on Thursday reported that it now had more than 206 million monetizable daily active users, and revealed its Q2 earnings, which easily topped Wall Street expectations. Twitter reported revenue of $1.19 billion for the quarter (up 74 percent year over year), beating the $1.07 billion expectation, and earnings per share of $0.20, versus an expectation of $0.07. The company had GAAP operating…
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Trump files lawsuits against Google, Facebook and Twitter

Trump files lawsuits against Google, Facebook and Twitter

Erin Carson,  Queenie Wong | CNET.Com Troy Warren for CNT After being banned earlier in the year, the former president is on the offensive. Former President Donald Trump said Wednesday he's filed lawsuits accusing Google, Facebook, Twitter and their CEOs of First Amendment violations for alleged censorship. The three lawsuits, which specifically name Google CEO Sundar Pichai, Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey, come after Trump was banned from major social media platforms earlier this year. Facebook, Twitter and Google-owned YouTube booted Trump in the wake of the deadly US Capitol riot on Jan. 6, citing concerns that he would incite more…
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