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June 11, 2015 09:05 pm -05

Silicon Valley: Twitter CEO Dick Costolo had it tough

Dick-costolo-2

Twitter sent shockwaves throughout Silicon Valley on Thursday when it announced that Dick Costolo was stepping down as CEO, and cofounder Jack Dorsey would fill the role as interim chief executive. Costolo's last day with the company is July 1, although he will remain on Twitter's board of directors

See also: In shock move, Twitter founder Jack Dorsey takes over as interim CEO

For his part, Costolo explained the move was his call and that he initiated conversations with several board members about creating a CEO succession plan at the end of 2014. But it's hard to believe his departure wasn't influenced by pressure from investors, who punished Twitter's stock over more recent challenges like stagnant user growth, user retention and disappointing results from its direct response advertising business Read more...

More about Twitter, Jack Dorsey, Silicon Valley, Dick Costolo, and Tech

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/jCaj4DynXzw/

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