Technoglitch
Core Member
Dick Costolo is stepping down as CEO of Twitter after a tumultuous five-year tenure as head of the social media giant. Twitter co-founder Jack Dorsey will serve as interim CEO.
Costolo helped grow Twitter into one of the internet's most popular sites, with 300 million users. But the company has fallen far behind Facebook, and user growth has been stalling recently.
Despite revenue of $1.4 billion in 2014, the company still lost $578 million. And Twitter's stock tumbled by almost 25 percent in April after the company announced yet another quarter in which financial results fell far below expectations.
Many of Twitter's strengths — and also its weaknesses — come from the fact that tweets in a user's timeline are displayed in strictly chronological order. Any time you log in to Twitter, you see the most recent tweets from people you follow.
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This focus on recency makes Twitter indispensable for certain kinds of users. If you're a journalist following a breaking news story, for example, Twitter is by far the best source of information. And for people who sit in front of a computer all day, Twitter is a great way to always stay on top of the latest conversations.
Twitter's CEO is stepping down. Here's why the company's in trouble. - Vox
Costolo helped grow Twitter into one of the internet's most popular sites, with 300 million users. But the company has fallen far behind Facebook, and user growth has been stalling recently.
Despite revenue of $1.4 billion in 2014, the company still lost $578 million. And Twitter's stock tumbled by almost 25 percent in April after the company announced yet another quarter in which financial results fell far below expectations.
Many of Twitter's strengths — and also its weaknesses — come from the fact that tweets in a user's timeline are displayed in strictly chronological order. Any time you log in to Twitter, you see the most recent tweets from people you follow.
This focus on recency makes Twitter indispensable for certain kinds of users. If you're a journalist following a breaking news story, for example, Twitter is by far the best source of information. And for people who sit in front of a computer all day, Twitter is a great way to always stay on top of the latest conversations.
Twitter's CEO is stepping down. Here's why the company's in trouble. - Vox
