Twitter CEO Dick Costolo will be stepping down on July 1, to be replaced by Jack Dorsey as interim CEO.
Costolo had been under pressure after many months of slow user growth, and controversies surrounding piracy and abuse on Twitter. The decision to step down was his own, and he will be remaining on the board of directors.
In a statement, Dick Costolo said "I am tremendously proud of the Twitter team and all that the team has accomplished together during my six years with the company."
Over the first three months of the year, Twitter missed targets for growth, posting a net loss of $162 million (£104 million).
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Costolo had been under pressure after many months of slow user growth, and controversies surrounding piracy and abuse on Twitter. The decision to step down was his own, and he will be remaining on the board of directors.
In a statement, Dick Costolo said "I am tremendously proud of the Twitter team and all that the team has accomplished together during my six years with the company."
Over the first three months of the year, Twitter missed targets for growth, posting a net loss of $162 million (£104 million).
Continue reading…
Continue reading...