June 21, 2016

Tweet T’woe

   June 21, 2016

Tweet T’woe

Impact_Of_Costolo's_Resignation_On_Twitter_Shareprice_TMMChart.png

Trader’s remarks:

Mr. Costolo the ex-CEO of Twitter has been credited with helping the company formulate its business plan in its early days and rallying the troops after a contentious fight between co-founders. However, Costolo or co-founder and Chairman Jack Dorsey have been able to live up to investor expectations. Twitter has 300 million monthly active users – around the same number as Instagram, but both are dwarfed by Facebook, which has 1.4 billion active users. With other companies like Snapchat competing for the same social media advertising revenue, the pressure is on for Twitter to build products that will improve the number of new sign-ups.

Get articles like this straight to your inbox each morning with our Breakfast Briefing. Sign up by clicking here!

Log in with your details

or    

Forgot your details?

Create Account

Send this to a friend