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Boardroom power plays, disgruntled founders, and CEO switcheroos are clipping the wings of this tech high flier.
There's no shortage of drama at Twitter these days: Besides the CEO shuffles, there are secret board meetings, executive power struggles, a plethora of coaches and consultants, and disgruntled founders. (Like Williams. The day after Dorsey announced his return to the company -- via tweet, naturally -- Williams quit his day-to-day duties at the company, although he remains a board member and Twitter's largest shareholder, with an estimated 30% to 35% stake.) These theatrics, which go well beyond the usual angst at a new venture, have contributed to a growing perception that innovation has stalled and management is in turmoil at one of Silicon Valley's most promising startups, which some 20 million active users rely on each month for updates on everything from subway delays to election results -- and which a growing number of companies, big and small, seek to use to market themselves and track customers.
The Twitter team is an incredibly dedicated group of people who truly believe they are doing the most meaningful work of their lives. It's also a very small group of people when compared to the other companies Fortune is investigating. We still have under 500 employees—many of them working weekends and nights to fulfill a potential that is palpable. For a long time, we refused to hire a communications group and now that we have one, I'm having fun teasing them about this Fortune article but the truth is, we're long overdue to be knocked down by the press.
joined:Sept 20, 2000
Me neither, but we all were saying the same thing about search engines in the 90s - and then came GoTo.com showing how PPC ads could do it.
sundaridevi, exactly, just like I mentioned, the third party tools have innovated, twitter appreas to have stagnated.