Tag Archives: twtr

Twitter Needs A ‘New, External Voice’ To Be Its CEO

Twitter (TWTR) stock rose on Friday as investors cheered late Thursday’s announcement that much-criticized CEO Dick Costolo had resigned, but the microblog’s executives said they intended to stay the course, rankling some analysts. Costolo will step down effective July 1 and remain on the company’s board. Twitter has formed a search committee to find a permanent replacement as CEO and will retain an executive search firm to assist in the process.

Twitter CEO Costolo Stepping Down, Stock Jumps

Embattled Twitter (TWTR) CEO Dick Costolo is stepping down effective July 1, following criticism from investors about his leadership of the short-messaging service. Twitter said in a statement released after the market close Thursday that the company’s board has formed a search committee to find a permanent replacement CEO. The committee will retain an executive search firm to assist in the search. The committee, chaired by the board’s lead

Twitter Video Service Periscope Worth $1 Billion?

Twitter’s (TWTR) Periscope live-streaming app, not even three months old, could already be worth $1 billion and is well-positioned to “grow into a key strategic asset” that brings in advertising dollars, an analyst said Thursday. That heady valuation estimate comes as a separate study out Thursday found that few people know about the service as of yet. As more users watch video online, Twitter launched Periscope in March to compete with rival apps