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Twitter Founder and Chairman Jack Dorsey Defends Absence from Company

Twitter founder and executive chairman Jack Dorsey stated yesterday on his Tumblr blog that he cut back on his executive leadership role at the social networking service in early 2012 to devote his time to developing Square, the electronic payment company where he serves as CEO.

The announcement was prompted as a response to a New York Times profile of Twitter CEO Dick Costolo. The article stated that Dorsey’s executive role had been reduced because employees “complained that he was difficult to work with and repeatedly changed his mind about product directions.”

While Dorsey praised the profile in the blog, he expressed a need to clarify his absence at Twitter. He wrote that in 2011, he agreed to commandeer product, design and brand at Twitter, and both he and Costolo agreed that Costolo would take back over as soon as possible, “simply because it was the right thing to do for the company,” Dorsey wrote.

According to The New York Times profile, Costolo joined Twitter in 2009 as COO, and became CEO in 2011. Dorsey’s contributions have dwindled since. His current project, Square, allows businesses to accept credit card payments on smartphones and tablets.