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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: 2) by MichaelDavidCrawford on Saturday June 13 2015, @07:56AM

    by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Saturday June 13 2015, @07:56AM (#195691) Homepage Journal
    --
    Yes I Have No Bananas. [gofundme.com]
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 2, Funny) by khallow on Saturday June 13 2015, @01:37PM

    by khallow (3766) Subscriber Badge on Saturday June 13 2015, @01:37PM (#195770) Journal
    But of course, we knew that it takes more than armed cops to stop dead people from posting on the internet.
  • (Score: 2) by MichaelDavidCrawford on Saturday June 13 2015, @06:34PM

    by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Saturday June 13 2015, @06:34PM (#195857) Homepage Journal

    I have a close friend who never leaves her house; she is so shy she has never even applied for a job. She did manage to attend a community college about fifteen years after graduating high school.

    twitter works well for her because she her extended family likes to all stick together, so they tweet at each other all day and all night. I'd still be lonely but that does work for her.

    Now consider such a shut-in who either has no friends at all, or at least none that are already on twitter. they don't have any natural followers and they aren't insightful or creative enough to attract any.

    Suppose this latter shut in tweets day after day after day with no response.

    I'd rather not even try to talk to anyone at all, than attempt contact with others yet meet no response at all. That actually happened to me just now; I thought the guy was distracted then concluded he was purposely ignoring me.

    --
    Yes I Have No Bananas. [gofundme.com]