Twitter appoints Jack Dorsey as permanent CEO, Dick Costolo resigns from board
It’s official: Jack Dorsey is Twitter’s new CEO.
Twitter’s board has decided to strip the ‘interim’ from his title, officially making him the chief executive of the platform effective immediately. Dorsey, who co-founded Twitter in 2006, will also remain as the CEO of e-commerce startup Square. The move comes nearly a week after Recode first reported the news.
“My focus is to build teams that move fast and learn faster,” Dorsey tweeted this morning. “In the past 3 months, we have increased our speed and urgency at both companies.”
Twitter is the most powerful communications tool of our time. It shows everything the world is saying rn…10-15 minutes before anything else.
— Jack (@jack) October 5, 2015
We’re working hard at Twitter to focus our roadmap on a few things we can make really great. And we’re strengthening our team along the way.
— Jack (@jack) October 5, 2015
Twitter has also elevated well-liked business head Adam Bain to COO. Since Dick Costolo stepped down in June, Bain’s name has been floating around as a potential replacement. However, he doesn’t seem burned by being passed over, tweeting that he’s “honored” to serve in his new role. Apparently advertisers are also thrilled with Dorsey’s appointment:
Our teams are energized by @jack and our advertisers & partners love interacting with him.
— adam bain (@adambain) October 5, 2015
Costolo announced that he’s resigning from the board. He called Dorsey a “calm and thoughtful leader” and blasted the months of rumors circulating about the company, tweeting:
3/ as I step off the board, two reminders: those banging pots and pans outside Twitter know the least about what’s going on inside Twitter — dick costolo (@dickc) October 5, 2015
Twitter’s stock is up 2 percent in pre-market trading.
Images via Flickr/TechCrunch.
‘The liberation of the workplace’: Industry experts sound off on 2022, the year of the ‘Shecovery’
As the pandemic rages on, companies look to reverse course on the 'Shecession.'
How The Newsette’s founder earned $40M for the media company in 2021
Daniella Pierson diversified her newsletter business by building a creative agency to better serve the media company's advertising clients.
‘Inaccurate and inflammatory’: Google moves to have Texas AG-led antitrust case dismissed
Google has rebuked charges that it compels publishers to use its ad server, manipulates ad auctions and colluded with Facebook as it moves to have antitrust charges dismissed.
SponsoredInfographic: The future of CTV measurement
Connected TV has been inarguably one of the top marketing stories of 2021. As advertisers get ready for 2022, the great CTV shift has brought with it a slew of measurement challenges — with inconsistent metrics being chief among them. The good news is that CTV works and works well, and there is a bevy […]
Publishers use subscriber-only events to sweeten subscription pitches
The Washington Post and The Information's events exclusively created for subscribers can add more value to paying readers.
‘Still understanding that behavior’: What BuzzFeed learned from a year of livestream shopping
BuzzFeed's shoppable live streams were watched for more than 1 million minutes in 2021.