iWorld
Jack Dorsey steps down, Parag Agarwal named as Twitter CEO
Mumbai: Microblogging site Twitter has named Parag Agarwal as the new chief executive officer of the company effective immediately. The decision was announced by the outgoing CEO Jack Dorsey who stepped down from his position on Monday.
Agarwal, an alumnus of IIT-Bombay and a PhD in Computer Science from Stanford University had joined the US company in 2011 as an Ads engineer. He was elevated as the chief technology officer in March 2018. As the CTO, he led technical strategy for the company and oversaw machine learning and AI across its product and infrastructure teams.
Dorsey would continue to serve on the company’s board until the expiry of his term, which is May, next year. In an email to his employees, which he also shared on Twitter, Dorsey shared that he had worked hard to ensure that the company can break away from its founding and founders. “There’s a lot of talk about the company being founder-led. Ultimately I believe that it’s severely limiting, and a single point of failure,” he wrote, adding that it was the right time for him to leave, and there were three reasons which made him believe so.
One of the reasons he enlisted was Agarwal, who has been behind every critical decision that helped turn the company around, and deeply understands the company and its needs. “My trust in him as our CEO is bone deep,” he wrote.
not sure anyone has heard but,
I resigned from Twitter pic.twitter.com/G5tUkSSxkl
— jack (@jack) November 29, 2021
Dorsey along with Biz Stone, Evan Williams and Noah Glass had founded the company in 2006. Dorsey left the company in 2008 to set up his digital payments app, Square, and made a comeback in 2015 and has remained the CEO since.
“The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today’s news. It is because they care about Twitter and it’s our future, and it’s a signal that the work we do here matters. Lets’ show the world Twitter’s potential,” wrote Agarwal.
Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the company. Thank you all for your trust and support https://t.co/eNatG1dqH6 pic.twitter.com/liJmTbpYs1
— Parag Agrawal (@paraga) November 29, 2021
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
