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Wachiwit/iStock(NEW YORK) -- Jack Dorsey is resigning from his role as CEO of Twitter, the social media platform he co-founded in 2006, he announced in a tweet on Monday. "After almost 16 years of having a role at our company...from co-founder to CEO to Chair to Exec Chair to interim-CEO to CEO...I decided its finally time for me to leave," Dorsey wrote. "Why? There's a lot of talk about the importance of a company being 'founder-led.' Ultimately I believe that's severely limiting and a single point of failure. I've worked hard to ensure this company can...

Twitter CEO Jack Dorsey has announced that he is stepping down confirming rumours of his exit.

Twitter CEO Jack Dorsey on Monday resigned. In his email sent to Twitter employees, he wrote that one of the reasons why he is leaving is because Twitter has found a great new CEO in Parag Agrawal. Here is Jack Dorsey's full email.

"I've decided to leave Twitter because I believe the company is ready to move on from its founders," Mr Dorsey says.

Major shakeup in Big Tech