The daily business briefing: November 30, 2021

Twitter announces Jack Dorsey is resigning as CEO, a federal labor official calls for a new union vote at an Amazon factory, and more

Jack Dorsey
Jack Dorsey
(Image credit: Joe Raedle/Getty Images)

1. Twitter announces Jack Dorsey's resignation as CEO

Twitter announced Monday that CEO Jack Dorsey is stepping down and will be replaced by the social media company's chief technology officer, Parag Agrawal, effective immediately. Dorsey, 45, has been serving as chief executive of both Twitter and his digital payments company Square. He will remain on Twitter's board until his term expires at the 2022 stockholders' meeting, the company said. Salesforce President and COO Bret Taylor will replace former Google executive Patrick Pichette as chairman of the board. Dorsey didn't reveal why he was resigning, but said he had "decided to leave Twitter because I believe the company is ready to move on from its founders." Twitter shares fell by 2.7 percent on Monday.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.