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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: 2, Informative) by anubi on Saturday June 13 2015, @02:49AM
Here is one of the things changing [dailytimes.com.pk] over at Twitter.... They are updating the direct message from 140 characters to 10,000 characters.
I do not know if this is good or bad, but one of the things I thought Twitter did right was force people to get to the point right away.
With advertisers already monitoring Iphone app use [recode.net], no telling when they expand their techniques to other platforms, gather all contacts I work with, store this data on insecure servers, ( which get hacked ), then I end up on the receiving end of a helluva lotta finely honed spearphishing attacks.
If it was some tome they wanted to send me... email.
I do not like getting personalized 10,000 word essays. Once I get one, I know its just a matter of time before the sender contacts me and wants to discuss it. Often, I simply do not want to take the time to read the damn thing and simply want to say TL;DR.
I should not be complaining much because I never signed onto Twitter, albeit I was planning to open accounts for some of my Arduino devices.
"Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]
(Score: 0) by Anonymous Coward on Saturday June 13 2015, @03:09AM
Try again in 140 or fewer.
(Score: 0) by Anonymous Coward on Saturday June 13 2015, @09:29AM
Twitter did this so advertisers can send more info to you and data traders can associate more data to your profile.
(Score: 0) by Anonymous Coward on Saturday June 13 2015, @02:24PM
The 140-character limit is a huge feature, not a bug. Tweets are easy for people to scan and browse. On the send side, posters can react to news events without having to sit down and think. But if they want to they can compose something funny or thoughtful.
They stick with what got them there.