Twitter’s Costolo Years: An Annal of Missed Opportunities

Oh, but what is to be done with Twitter.On Thursday, in a press release posted to its eponymous social network, Twitter Inc. announced that its CEO, Dick Costolo, would resign. Jack Dorsey, one of the company’s founding quadrumvirate and the company’s first CEO, will take his old job in an interim role.Some investors have called for Costolo’s resignation for more than a year, calls which became more strident after extremely disappointing quarterly results in April. (Twitter’s weaker-than-anticipated growth was dismal enough that it drove down stock prices 18 percent that day.) By appointing Dorsey as acting executive, the company seems to be hearkening back to the idealism of its early days.

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