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Twitter CEO Jack Dorsey Confirms He Will Step Down. The Stock Rises.

Jack Dorsey will be stepping down from his role as Twitter chief executive effective immediately, the social media giant said Monday.

Twitter (ticker:TWTR) appointed Parag Agrawal, current chief technology officer, as CEO and a board member.

Dorsey will remain a member of the board until his term expires in 2022.

“I’ve…

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