Dick Costolo is stepping down as chief executive of Twitter, the company has announced, with co-founder Jack Dorsey taking his place as interim CEO. Costolo has failed to stem the messaging platform’s waning user growth.
Despite revenue of $1.4 billion last year, Twitter hasn’t made a profit since its stock market debut in 2013.
E&T news reported the story of Dick Costolo leaving Twitter in full earlier today.
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