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posted by janrinok on Saturday June 13 2015, @01:53AM   Printer-friendly
from the he's-not-resigned-but-migrated dept.

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.


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  • (Score: 1, Disagree) by Anonymous Coward on Saturday June 13 2015, @02:03AM

    by Anonymous Coward on Saturday June 13 2015, @02:03AM (#195601)

    If Twitter is too hard for you to use then you should put your computers, tablets & phones in a drawer and study the guide for your TV remote.

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  • (Score: 0) by Anonymous Coward on Saturday June 13 2015, @03:33AM

    by Anonymous Coward on Saturday June 13 2015, @03:33AM (#195627)

    Ppl still use twitter?!

    • (Score: 0) by Anonymous Coward on Saturday June 13 2015, @03:56AM

      by Anonymous Coward on Saturday June 13 2015, @03:56AM (#195632)

      One of the purposes of Twitter is to ruin whatever language skills you have left.

      The other purposes are to gather info on subjects. No info is bad. Everything is welcome. The time a message is sent is also important. All this is used to profile users, to know their weaknesses, what they care about, and so on.

      It used to be difficult (and still is to some extent) to make sense of long passages (think blogs), so they gave the masses a small textbox. And using that textbox tell them all you know... in short sentences, so their programs will find it easier to profile you.