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Twitter’s CEO Dick Costolo Is Stepping Down

techcrunch.com

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Re: Twitter’s CEO Dick Costolo Is Stepping Down

#41

Post by raverbashing »

rebelidealist wrote: post #17

I think Dorsey is too minimalistic. It was the reason why Twitter is losing traffic to IG and Medium (ironic). Vine lost to IG video because you couldn't follow Vine accounts via the Twitter website at the beginning. Take Square for example, it had a huge head start, but no business other than small coffee shops and food trucks can use it. https://medium.com/@hungrycharles/3-things-twitter-can-do-to...

> Vine lost to IG video because you couldn't follow Vine accounts via the Twitter website at the beginning

Also their app was one of the worse I had the displeasure of using on a mobile phone. Really.

Instagram did the concept much, much better.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#43

Post by JonFish85 »

jusben1369 wrote: post #33
austenallred wrote: post #18

Earlier quoted context omitted.

Jack is a wild card. They'll give him a shot and see how it goes. If it goes well they can pull an Apple and say, "The founder is finally coming back!" If not they can quietly find a replacement and say, "Now Jack is going back to Square, just like they said he always would." It's PR insurance, basically, which Twitter desperately needs considering they go through CEOs faster than I go through freelancers.

I don't think he can do that to Square and their investors as nice as the story sounds.

Do what, leave them? Or return to them after this?

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#45

Post by austenallred »

arthurcolle wrote: post #38
austenallred wrote: post #31

Earlier quoted context omitted.

He's still be on the board as well. He probably stepped down mostly of his own accord; he didn't fight to become the CEO in the first place (even tried to turn it down multiple times). He was kind of thrown in there by the board when they fired Ev

I just bought "Hatching Twitter" yesterday, so I guess this might be a spoiler, but why did they fire Ev?

It's not totally clear. The book kind of portrayed it as a coup staged by Jack, but at the end of the day the board fired him. Ev was surprised, and a few people said they'd quit if Ev was ousted (including, initially, Dick).

Dick was definitely thrown into the role - it wasn't something he fought for.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#46

Post by jives »

toephu2 wrote: post #19

Who is going to run Square in the interim then? Is he going to pull a Elon Musk, 3 days here, and 2 days there?

He's split his time between these two companies before. "... after 8 hours at Twitter, he literally walks 2 blocks to put in another 8 hour shift at Square."

http://thenextweb.com/entrepreneur/2011/11/14/jack-dorsey-do...

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#47

Post by chuckcode »

pavlov wrote: post #11
jasondc wrote: post #5

This could be like Steve Jobs coming back to Apple, or it could be like Marc Pincus coming back to Zynga. Hopefully the former.

I think it's going to be more like Jerry Yang coming back to Yahoo -- not much of a change either way.

Jerry Yang's investment in Alibaba turned out to be worth over $42 billion dollars which accounts for most of the value of Yahoo today...

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#48

Post by kposehn »

rottencupcakes wrote: post #26
toephu2 wrote: post #19

Who is going to run Square in the interim then? Is he going to pull a Elon Musk, 3 days here, and 2 days there?

Only instead of being 500 miles apart, Twitter and Square are closer to 500 feet apart. Maybe Jack located them close together for a reason.

Actually, we're only about 200 feet building-to-building. Just across 10th street with an apartment/condo building in between.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#50

Post by jusben1369 »

JonFish85 wrote: post #43
jusben1369 wrote: post #33

Earlier quoted context omitted.

I don't think he can do that to Square and their investors as nice as the story sounds.

Do what, leave them? Or return to them after this?

Spend any real significant time with split duties. Most of his investors would say "We didn't put $x in this with the understanding that you were going to be a 50% CEO/leader"
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