So, on Monday morning, seemingly out of the blue, Twitter C.E.O. Jack Dorsey posted a tweet.
Lowercase, casual -- "Not sure anyone has heard, but I resigned from Twitter."
And he posted a screenshot of a memo that he had sent out to the whole company at just that moment, announcing his resignation, announcing that a virtual unknown outside of Twitter, named Parag Agrawal, would be taking over, and it would be effective immediately.
All of this on what was supposed to be a day of rest for Twitter's employees.
They all had the day off.
From the newsroom of The Washington Post, this is "Post Reports."
I'm Jordan-Marie Smith, in for Martine Powers.
It's Thursday, December 2nd.
Today, why Twitter's C.E.O. stepped down seemingly out of nowhere and how this sudden departure might affect stakeholders and passionate users like me.
Even if you're not on Twitter, what happens on the social-media platform matters so much -- for politics, for culture.
I mean, our former president used to announce policy on the site.
President Trump dropping the bombshell on Twitter, saying about his national security adviser, "I informed John Bolton last night that his services are no longer needed at the White House."
We're going to talk about the new C.E.O.
And why he's a somewhat surprising choice.
But first, let's talk about the old C.E.O., Jack Dorsey, because there's still some mystery about why he stepped down in the first place.
Jack Dorsey's letter explaining his resignation, when you read it the first time, it seemed like he explained it.
If you read a little closer, he didn't really.
So, he talked about founder-led companies, which is a big idea in Silicon Valley,
the idea that the person who founded the company, whether it's Mark Zuckerberg at Facebook, Larry and Sergey at Google, Jack Dorsey was a co-founder at Twitter
-- the idea that they are uniquely positioned to lead the company, that they have the vision, that they are the ones to continue to steward a company once it has gotten big is a popular one.
And he rejected that in his letter.
He said, "I think we need to move away from that.
I think power is too concentrated in a few hands.
My goal has always been to build a Twitter that can run without me.
It's time for me to turn over the reins."
He kind of got in a dig at Zuckerberg there, saying that he was putting the company ahead of his ego,
Mark, now being the most prominent founder to still be running a Big Tech company after most of the others have left, as Dorsey did.
But what he didn't explain is why he's stepping down from Twitter, exactly, when he's still running Square.
So, he's still the C.E.O. Of the payments company Square, which is actually even bigger than Twitter, by stock value.
And he was the founder of that, too.
So there was definitely a missing piece there.
And by the way, since we recorded yesterday, Square has changed its name to Block.
I asked Will why the sudden stepdown from Twitter to focus on Square -- or Block -- is a big deal.
Well, Jack Dorsey is very closely associated with Twitter in all kinds of ways.
Not only was he a co-founder of the company, but he left the company in a bunch of drama, in a swirl of drama, about 10 years ago, and then he came back in this sort of Steve Jobs-ian fashion.
You know, the prodigal son returns.
When the company was struggling, he was going to take it over and lead it to the Promised Land.
He's also kind of a weird guy.