Thursday, October 1, 2015

Media reported the appointment of CEO Jack Dorsey Twitter – RBC

The Board chose Twitter for the position of general director Jack Dorsey, co-founder of the company. On this, citing sources reported Re / Code. According to them, the appointment will be announced in the near future, although the timing could be pushed back.

The sources did not rule also changes the board Twitter.

Dorsey served as interim CEO for the past three months after the previous head left Dick Costolo. Dorsey also remains in the same position at the company he founded Square, dedicated to electronic payments.

The publication notes that Dorsey has always been a serious candidate for the post of director general, but few believed that he would leave the Square. And on Twitter, and Square declined to comment.

Costolo left from Twitter in June 2015. He spent 5 years CEO. In 2010, he was succeeded by another co-founder Evan Williams.

Possible successors Costolo called financial manager Anthony Noto, as well as the top manager Adam Bain. The downside candidates Noto considered that against him mogvystupit Board of Directors Twitter, expect to see at the head of the company is not a banker, and a technician. He was considered a contender for the post and ex-Yahoo CEO Ross Levinsohn.

Earlier Guardian reports that Twitter has received proceeds of $ 502.4 million in the second quarter of 2015, up $ 190.2 million, or 38% more than a year earlier. According to the newspaper, these results were announced at a virtual conference interim CEO Jack Dorsey with investors. Twitter revenue was greater than expected. This loss of the company was $ 137 million.

The main problem of the company, as noted, is stagnating growth. The number of monthly active users previously grew by 15% year on year, reaching 316 million. However, in the second quarter the number increased by 8 million, or 2.6%, to 308 million.

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