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- Twitter CEO Costolo resigns.
- Twitter co-founder Jack Dorsey transitional move back to the top of the company.
- Twitter had recently presented disappointing annual reports and the number of users since the IPO in autumn 2013. can not increase as much as expected.
had as Twitter CEO Dick Costolo the staff opened its withdrawal, there was another standing ovation. On the staff, who appreciated his open way in the past few months, the Twitter CEO has not failed.
Wen Costolo recently convinced fewer and fewer, were the shareholders and investors. Now the pressure was too great, on July 1, the former comedian must vacate the executive chair for five years. “I am looking forward to support Twitter on, whatever I can,” Costolo is quoted in a statement. . The usual phrases, to the terms of the settlement are regulated
Costolos successor is an old acquaintance, who was already at his side at parting: co-founder Jack Dorsey will temporarily take the shops. Dorsey also leads the pay start-up Square, which resides within a stone’s throw from the Twitter headquarters.
Costolo Twitter had professionalized after its acquisition in 2010 and promoted the ad-supported business model. In the fall of 2013, the initial public offering followed
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However, although Twitter now counts 300 million active users and the media has a strong presence, it could not reach the mainstream status, has the competitor Facebook so far. The number of inactive members is large, flat growth, revenue forecast had to be predicted down to 2.17 to 2.27 billion dollars in April 2015.
With the strategic ambiguity numerous changes have been accompanied in Management , temporarily renowned reshuffles were announced almost at two-week intervals. Last
Whether had ever clearer expressed criticism investors, early-stage investors Chris Sacca had recently made its own strategy suggestions in a blog entry and thus caused a stir. Now Jack Dorsey Twitter results back on track, is questionable. His first tenure as CEO was as chaotic. Last was reputed Twitter interest in start-up Flipboard. Its chief Mike McCue is considered clever strategist and experienced makers of digital products. From 2010 to 2012, he was already sitting in Twitter supervisory board.
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