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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 cmn32480 on Saturday June 13 2015, @01:16PM

    by cmn32480 (443) <reversethis-{moc.liamg} {ta} {08423nmc}> on Saturday June 13 2015, @01:16PM (#195762) Journal

    MySpace? Really?

    For reporting electrical outages, use the electric company's web page. It is probably the same one you go to for paying the bill.

    For neighborhood/local town news, you might try patch.com [patch.com] if you are lucky enough to have one for your community.

    For your neighbor's bunny, try the pot on my stove. Rabbit stew is YUMMY!

    Social media as a whole, in my opinion, is something of a scourge on society. While it performs some functions that are good (allowing far flung friends and relatives to see what happens in your life without having to call or send photos to each one), it has changed the fabric of society to one that is less personal and to one where people share WAY too much information. It has cost America some valuable skills. I got an email at work from a customer written in "twit speak". I was shocked that anyone would do that in a business communication.

    In the end, I believe that it has made a very large contribution to the dumbing down of America.

    --
    "It's a dog eat dog world, and I'm wearing Milkbone underwear" - Norm Peterson
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  • (Score: 0) by Anonymous Coward on Saturday June 13 2015, @03:55PM

    by Anonymous Coward on Saturday June 13 2015, @03:55PM (#195805)

    tl;dr - just do what I do. Why would anyone ever do anything different?

  • (Score: 2) by Tork on Saturday June 13 2015, @07:49PM

    by Tork (3914) Subscriber Badge on Saturday June 13 2015, @07:49PM (#195873)

    For reporting electrical outages, use the electric company's web page. It is probably the same one you go to for paying the bill.

    That's what I did first. What the company's web page doesn't show you is other people's reports and the company's responses to the outage.

    For your neighbor's bunny, try the pot on my stove. Rabbit stew is YUMMY!

    Tee hee hawdle haw. Anyway, let's put the moonshine away. Reuniting loved ones is a lot easier when the individuals are all contributing.

    For neighborhood/local town news, you might try patch.com if you are lucky enough to have one for your community.

    They have one for my community and the surrounding ones and what it doesn't do is actually tell me what's going on at any given time, including why there's a mass of police activity half a mile over. There are communities all over Twitter where people report on what's actually going on. That sort of news is immensely helpful since traditional local news sites (including Patch) don't go into explaining why a police helicopters is orbiting overhead. In fact the 'local news' I'm getting from Patch is celebrity gossip, which I wouldn't mind except the celebrity in question doesn't live anywhere near here.

    In the end, I believe that it has made a very large contribution to the dumbing down of America.

    What is the connection between lack of intelligence and twit-speak?

    --
    🏳️‍🌈 Proud Ally 🏳️‍🌈