Poor growth forces out Twitter CEO

Poor growth forces out Twitter CEO
Copyright 
By Euronews with Reuters
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

Wall Street’s lost faith in Twitter, causing CEO Dick Costolo to announce his resignation. Investors are worried about the social media giant’s slow

ADVERTISEMENT

Wall Street’s lost faith in Twitter, causing CEO Dick Costolo to announce his resignation.

Investors are worried about the social media giant’s slow user growth and its inability to compete for advertising with the likes of Facebook.

The company’s shares jumped nearly 8 percent on the news as co-founder Jack Dorsey agreed to step into to the role temporarily.

Twitters says it’ll search for a replacement inside and outside the company.

Share this articleComments

You might also like

College students across US face arrest over pro-Palestinian protests

Mike Pence: Russian aggression poses 'serious threat' to Europe

Man sets himself on fire outside Trump trial courthouse in New York