Thursday, June 11, 2015

Jack Dorsey Appointed Twitter Interim CEO as Dick Costolo Steps Down by @mattsouthern

Twitter announced this afternoon that Dick Costolo will be stepping down as CEO, to be replaced in the interim by co-founder Jack Dorsey effective July 1. In light of this news, Twitter’s stock price immediately rose 7% in after-hours trading. At the time of this writing TWTR is currently fluctuating between 5% and 6%. Costolo will remain on Twitter’s board of directors after stepping down, and has publicly welcomed Dorsey as the interim CEO. More details will be revealed later today after a conference call with investors slated for 2:15pm PST. Dorsey will remain as Twitter’s CEO until a suitable replacement […]

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