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Twitter announced that Dick Costolo had resigned as CEO, effective July 1. Jack Dorsey, a Twitter co-founder, has been appointed by the board as his replacement. (Tweet version here). Dorsey is also CEO of Square, which provides front-end devices and back-end systems for processing mobile payments.
While Costolo is reportedly popular with employees, investors were impatient with the company's growth in revenue and earnings, which has trailed expectations. One fund manager, Chris Sacca, wrote an essay to fellow shareholders (linked by the TechCrunch piece) explaining his disappointment, and ideas for a different direction for the company:
Twitter can be indispensable, engaging, and fun for everyone on the planet, and make even more money in the process. So why isn't that happening?
- For most people, Twitter is too hard to use.
- For most people, Tweeting is scary.
- For most people, Twitter feels lonely.
None of this is a surprise, as Twitter was mostly built by and for its power users.
Costolo insists the exit was in the works for awhile, and he wasn't pushed. For now, we can expect plenty of witty tweets.
Original Submission
(Score: 3, Informative) by MichaelDavidCrawford on Saturday June 13 2015, @09:11AM
Google Groups will turn up many of my usenet posts. Until just a few years ago I used "Mike Crawford" or "Michael D. Crawford". I started using my full name in hopes of displacing Michael Patrick Dumble-Smythe from the top hit at Google. While I was born with the name, he changed his for the stage.
My first email was at the caltech astronomy department in 1983 however that was on an isolated net. I had a ucscb.ucsc.edu account starting in 1985 but I don't think I ever mailed anyone outside of Santa Cruz.
I was a sysadmin for Octel Communications in 1989 - Octel invented voice mail, perhaps you've heard of it. I started posting to usenet from octel.com via UUCP.
My compuserve ID was 72377,623.
I was escher@apple.com starting in 1990 or so, causing no end of confusion with Apple's Christopher Escher.
I used crawford@na47sun05.cern.ch during the summer of 1993, then after returning to Santa Cruz, crawford@scipp.ucsc.edu as well as crawford@physics.ucsc.edu.
I used AppleLink at Working Software, but later got a working.com email.
crawford@scruznet.com was my first ISP account.
My accounts at slashdot, advogato and kuro5hin were at first GoingWare then later MichaelCrawford. At Kuro5hin I now use "Repeatible Hairstyle".
My personal homepage is http://www.warplife.com/mdc/ [warplife.com]
Thanks for letting me clear all that up.
Yes I Have No Bananas. [gofundme.com]