Twitter Founder Jack Dorsey Stepping Back from His Role and Focusing More on Square

Twitter co-founder and executive chairman Jack Dorsey confirmed on Tuesday that he's accepted a reduced role at the microblogging service he helped create, but denied a report by the The New York Times that it had anything to do with employees complaining that he's "difficult to work with." According to the initial report, employees were frustrated with Dorsey's tendency to repeatedly change his mind about product directions, however Dorsey said his taking a reduced role was the plan all along.

A little back history is in order. After inventing Twitter in 2006 and serving as the company's CEO for the next two years, Dorsey left in 2008 and founded payments startup Square. He then returned to Twitter in 2011 to help with the company's branding and design, and has now handed control over to current CEO Dick Costolo.

Twitter Town Hall
Jack Dorsey with President Barack Obama at a Twitter Town Hall in 2011.

"Our shared goal was to get those organizations back under him as soon as possible, simply because it was the right thing to do for the company. We moved all of my reports back under him in January of this year after leadership was firmly in place," Dorsey explained on his Tumblr page.

That was the main point he wanted to clarify in what he considered to be an otherwise "great profile" of Costolo in NYT. Dorsey is now spending the majority of his time back at Square, where he's serving as the company's CEO. As for Twitter, Dorsey says he checks in on Tuesday afternoons, "something I started before taking the interim operational role."