sudden announcement: Related:Twitter outspoken CEO Dick Costolo to step down In after-hours trading following the sudden announcement on Thursday, Twitter stock briefly fluttered up 8% higher, according to The Guardian. It was a reflection of the uneasy feelings from investors towards a man who fell under their increased and ultimately poisonous scrutiny as he navigated the social networking firm through its public offering in November 2013, having been CEO since he took over from Evan Williams in October 2010. Yet that is exactly why it appears that Twitter chief executive, Dick Costolo, now has to go from the company top post. Despite being a very different product serving a very different audience, Twitter is often compared to Facebook – and often unfavourably. For Twitter investors the concern was less about user numbers than the growth and aggressiveness of the company online advertising. Therein lies an identity crisis of sorts.
(news.financializer.com). As
reported in the news.
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