November 30, 2021, 5:50 AM

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Twitter CEO Jack Dorsey resigns, CTO Parag Agrawal takes over effective immediately; Dorsey to quit the board in 2022, Salesforce's Bret Taylor to become chair  —  Twitter CEO Jack Dorsey is stepping down as chief of the social media company, effective immediately.
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Tweets: @jack, @paraga, @jack, @patrickc, @elonmusk, @sundarpichai, @kfile, @alexeheath, @alexeheath, @caseynewton, @sam_l_shead, @donie, @techemails, @alexeheath, @ritholtz, @stejormur, @kantrowitz, @gautam_adani, @dril, @parkermolloy, @thedailyshow, @pierce, @panzer, @danprimack, @alexisohanian, @danprimack, @matt_levine, @kurtwagner8, @carnage4life, @laurengoode, @maxkennerly, @mattocko, @44, @zei_squirrel, @pt, @btaylor, @panzer, @rmac18, @rmac18, @malemayehou, @chandrarsrikant, @byyourlogic, @kellymakena, @tomgara, @kateconger, @mmasnick, @suhelseth, @danprimack, @carnage4life, @panzer, @levie, @ilanmuskat, @sidin, @sahilriz, @seldo, @balajis, @pkafka, @mathewi, @smalter, @cz_binance, @stshank, @krangtnelson, @ggreenwald, @neerajka, @milessuter, @epro, @varunkrish, @nisharotech, @kellymakena, @caseynewton, @jaboukie, @ericnewcomer, @marklittlenews, @shreyaghoshal, @caseynewton, @sherman4949, @rmac18, @pt, @micsolana, @llsethj, @sriramk, @pranavdixit, @levie, @sirsteven, @sherman4949, @rmac18, @ceciliakang, @mgsiegler, @techledes, @nedsegal, @felixsalmon, @strngwys, @markmilian, @ishanagarwal24, @joshelman, @strngwys, @johnbiggs, @janewakefield, @b_fung, @kt_so_it_goes, @tomwarren, @charlesarthur, @jamesliamcook, @jimwaterson, @pinboard, @sonalibasak, @iansherr, @stevekovach, @mims, @jamestitcomb, @sherman4949, @phil_lewis_, @can, @rachelking, @sarafischer, @sherman4949, @danprimack, @sam_l_shead, @ceciliakang, @ldrogen, @nic__carter, @trungtphan, @thestalwart, @pinboard, @kantrowitz, @lanceulanoff, @carnage4life, @sarafischer, @packym, @davidzmorris, @seldo, @jamesrbuk, @zr1trader, @sam_l_shead, @triketora, @ivanthek, @yoda, @thestalwart, @ryan_browne_, and @jyarow
New York Times:
Profile of Twitter's new CEO Parag Agrawal, little known to the public and a Jack Dorsey confidant who has been involved in many big strategic initiatives  —  A longtime Twitter insider and a confidant of co-founder Jack Dorsey, Mr. Agrawal takes over as the social media company confronts various challenges.
Casey Newton / The Verge:
Possible reasons Dorsey stepped down, including activist investors and disinterest in the role, and what to expect from Parag Agarwal, who has focused on crypto  —  Theories on why now, and what to expect from Parag Agrawal's Twitter  —  This story is part of a group of stories called
Jon Porter / The Verge:
UK's CMA says Meta must sell Giphy, after finding the deal could harm social media users, rival platforms by denying access to GIFs, and UK advertisers  —  After its investigation found it could harm competition  —  The UK's competition regulator has officially ruled that Facebook parent …
Natasha Lomas / TechCrunch:
Citing “alleged serious breaches” of data protection laws, UK's ICO notifies Clearview AI of its provisional intention to fine the company £17M+  —  Controversial facial recognition company Clearview AI is facing a potential fine in the UK.
Kyle Wiggers / VentureBeat:
Amazon debuts AWS IoT RoboRunner to simplify building apps for managing robot fleets and AWS Robotics Startup Accelerator to offer AWS credits and expert advice  —  At a keynote during its Amazon Web Services (AWS) re:Invent 2021 conference today, Amazon launched AWS IoT RoboRunner …
Kyle Wiggers / VentureBeat:
Stockholm-based Quinyx, which helps companies schedule gig work, raises $50M Series C led by Battery Ventures at $550M valuation, bringing its funding to $89M+  —  Quinyx, a platform for gig work scheduling and time reporting, today announced that it raised $50 million in funding led by Battery Ventures at a $550 million valuation.
More: FinSMEs and
Siddharth Venkataramakrishnan / Financial Times:
Wise reports H1 2021 revenue rose 33% YoY to £256.3M as pre-tax profits dropped to £18.8M from £20M in H1 2020; headcount grew 32% YoY to 2,883  —  Currency exchange fintech listed in London in July with a valuation close to £9bn  —  Profits at currency exchange …
More: Reuters
Catherine Shu / TechCrunch:
Singapore-based YouTrip, which helps make multi-currency transactions more efficient, raises a $30M Series A led by anonymous prominent Asian family offices  —  Singapore-based YouTrip, an online bank that focuses on making multi-currency transactions less costly and more efficient …

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