4,680,000 seconds. 78,000 minutes. 1,300 hours.

That could be the amount of time we all spend reading books. Or, the amount of time we all spend exercising. Or maybe the amount of time we spend enjoying with our friends and family.

But, it turns out that that number reflects how much time Americans spend on social media per year.

Amongst all of the social media platforms, Twitter is one of the most popular, with nearly 290.5 Million users globally.

Twitter was founded in 2006 by Jack Dorsey and his companions Evan Williams and Christopher Stone. What started off as a small company quickly grew, generating profits alongside. Today, Twitter is the reason Mr. Dorsey’s net worth is around 11.5 Billion dollars.

But as the company has progressed, things have also begun to break down. Shortly after becoming CEO of the company in 2006, Dorsey was replaced. Mr. Dorsey had his comeback in 2015, where he resumed the position of Twitter’s CEO and has been so since.

Recently, however, Mr. Dorsey announced that he is stepping down from the acclaimed position as CEO of the company.

He resigned in an email to his colleagues, which he tweeted on his account @jack:

“not sure anyone has heard but,
I resigned from Twitter.”

His tweet was followed by the picture of his resignation email, which he casually ends with: “My one wish is for Twitter Inc to be the most transparent company in the world. Hi mom!”

Many found this news a surprising blow (especially considering the fact that Mr. Dorsey tweeted “I love Twitter” just two days before resigning). But other corporations have stated that Mr. Dorsey’s exit was not totally unexpected. Reports show that Mr. Dorsey was urged to step down by many, including business billionaire Paul Singer. In addition to this, Dorsey has been juggling two companies at once: Twitter, and his other multi-billion dollar company, Square.

After Dorsey stepped down from this position in late November, he named the company’s Chief Technology Officer, Parag Agrawal, 37, as the new CEO of Twitter.

Mr. Agrawal initially joined Twitter in 2011 as a software engineer and continued working his way up within Twitter. By 2017, he was officially Twitter’s Chief Technology Officer. Now, Agrawal is in the position of CEO.

While there are many uncertainties about the future of this company, one thing is for sure: the new CEO is going to be devoting a lot more time to Twitter.