The executive team at Twitter has clearly had enough
Around this time last year, Twitter put out its first earnings report as a public company. And it got hammered. Wall Street sent the stock down more than 20% after hours on concerns about slowing user growth. Analysts and investors began criticizing CEO Dick Costolo. It was just a mess.
Twitter and Wall Street repeated that song and dance after all but one earnings report: Twitter would post perfectly fine revenue numbers, but user growth would be meh so the stock would get hammered. By the end of last year, the cries for a new CEO and a new plan were getting louder. Read more...
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