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Twitter Co-founder Jack Dorsey Steps Down As CEO

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Twitter co-founder Jack Dorsey is stepping down as CEO of the social media platform, the company announced. He will be succeeded by Twitter’s current chief technology officer, Parag Agrawal.

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Dorsey will remain on the board until his term expires in 2022. Agrawal joined Twitter in 2011 and has been CTO since 2017.

In a letter posted on his Twitter account, Dorsey said he was “really sad…yet really happy” about leaving the company and that it was his decision. On Sunday, Dorsey had sent a cryptic tweet reading only “I love Twitter.”

Twitter shares rose 5% to $49.47 in morning trading after the announcement.

Twitter was caught up in the heated political atmosphere leading up to the 2020 election, particularly when it banned former President Donald Trump following his incitement of the Jan. 6 riot at the U.S. Capitol. Dorsey defended the move, saying Trump’s tweets after the event resulted in a risk to public safety and created an “extraordinary and untenable circumstance” for the company. Trump sued the company, along with Facebook and YouTube, in July for alleged censorship.

Dorsey has faced several distractions as CEO, starting with the fact that he’s also founder and CEO of the payments company Square. Some big investors have openly questioned whether he could effectively lead both companies.

Last year, the company came to an agreement with two of those activist investors that kept Dorsey in the top job and gave a seat on the company board to Elliott Management Corp., which owned about 4% of Twitter’s stock, and another to Silver Lake.

While Twitter has high-profile users like politicians and celebrities and is a favorite of journalists, its user base lags far behind old rivals like Facebook and YouTube and newer ones like TikTok. It has just over 200 million daily active users, a common industry metric.

The early days of Twitter began with a tweet sent by Dorsey on March 21, 2006, that read “just setting up my twttr.” Twitter went through a period of robust growth during its start, but as the growth slowed the San Francisco company began tweaking its format in a bid to make it easier and more engaging to use.

Dorsey became Twitter CEO in 2007, but was forced out the following year. He returned to the role in 2015. In his goodbye letter, Dorsey said he has “worked hard to ensure this company can break away from its founding and founders” and that to focus too much on whether companies are led by their founders is “severely limiting.”

Twitter also announced on Monday a new board chairman, Bret Taylor, to replace its existing chair, Patrick Pichette. Pichette will remain on the board. Taylor has been on Twitter’s board since 2016 and is the president and COO of business software company Salesforce.

(AP)

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Original Post: france24.com

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World at ‘inflection Point’ Warns Biden, Raising Alarm at Democracy Summit

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Democracy faces “sustained and alarming challenges” worldwide, US President Joe Biden said Thursday at the opening of a virtual summit on democracy with representatives from some 100 countries.

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Biden said trends were “largely pointing in the wrong direction” and that democracy needed “champions.”

“We stand at an inflection point,” he said. “Will we allow the backward slide of rights and democracy to continue unchecked?”

The two-day event, held by video link due to the coronavirus pandemic, was billed by the White House as US leadership in an existential struggle between democracies and powerful autocracies or dictatorships.

“Make no mistake, we’re at a moment of democratic reckoning,” said Uzra Zeya, the US under secretary of state for civilian security, democracy, and human rights. “Countries in virtually every region of the world have experienced degrees of democratic backsliding.”

The summit featured opening remarks from Biden and US Secretary of State Antony Blinken, with representatives from some 100 governments, as well as NGOs, private businesses, philanthropical organisations and legislatures attending.

China, Russia not invited

The conference is a test of Biden’s assertion, made in his first foreign policy address in February, that he would return the US to global leadership to face down authoritarian forces led by China and Russia.

Both countries were not invited to this week’s event, which coincides with questions about the strength of America’s democracy. Biden is struggling to pass his agenda through a polarised Congress following the turbulent and disruptive Trump presidency.

Amid rising US-China tensions, the Biden administration’s decision to invite Taiwan has irked Beijing.

China considers Taiwan, a democratically ruled island, part of its territory.

A Chinese foreign ministry spokesperson said the invitation of Taiwan showed the US was only using democracy as “cover and a tool for it to advance its geopolitical objectives, oppress other countries, divide the world and serve its own interests.”

‘Lip service’

Washington used the run-up to the summit to announce sanctions against officials in Iran, Syria and Uganda it accuses of oppressing their populations, and against people it accuses of being tied to corruption and criminal gangs in Kosovo and Central America.

US officials hope to win support during the meetings for global initiatives, such as use of technology to enhance privacy or circumvent censorship, and for countries to make specific public commitments to improve their democracies before an in-person summit planned for late 2022.

Annie Boyajian, director of advocacy at non-profit Freedom House, said the event had the potential to push struggling democracies to do better and to spur coordination between democratic governments.

“But, a full assessment won’t be possible until we know what commitments there are and how they are implemented in the year ahead,” Boyajian said.

Zeya at the State Department said civil society would help hold the countries, including the United States, accountable. Zeya declined to say whether Washington would disinvite leaders who did not fulfill their pledges.

Human Rights Watch’s Washington director Sarah Holewinski said making the invitation to the 2022 summit dependent on delivering on commitments was the only way to get nations to step up.

Otherwise, Holewinski said, some “will only pay lip service to human rights and make commitments they never intend to keep.”

“They shouldn’t get invited back,” she said.

(FRANCE 24 with AFP and REUTERS)

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Original Source: france24.com

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Top US Scientist Fauci: Omicron ‘almost Certainly Not More Severe’ Than Delta Variant

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Top US scientist Anthony Fauci said Tuesday that while it would take weeks to judge the severity of the new Covid-19 variant Omicron, early indications suggested it was not worse than prior strains, and possibly milder.Read More

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Suspected Member of Khashoggi Hit Squad Arrested at Paris Airport

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French police Tuesday arrested at Paris’s main airport a suspected member of the team that murdered Saudi journalist Jamal Khashoggi in 2018 in the kingdom’s consulate in Istanbul, sources said.Read More

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