On Monday, Jack Dorsey announced he was stepping down as CEO of Twitter, the social media website he co-founded in 2006. He is going to be replaced by Parag Agrawal, the company's chief technology officer who started at Twitter as an engineer and has been working on technologies associated with cryptocurrencies.

Why it matters: Twitter is one of the most important meeting places for political minds and discourse, and has played a huge role in the political world over the last five years. Former President Donald Trump mastered engagement on the platform, using it to drive media coverage of his presidency, sidestep traditional news outlets and speak directly to his followers. And then, in the wake of the January 6 riots at the Capitol, he was banned.

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