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Twitter's CEO, Dick Costolo, Steps Down

8:20 am on Jun 12, 2015 (gmt 0)

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So, Dick Costolo has decided to step down as twitter CEO, and Jack Dorsey, Twitter's Chairman is to become interim CEO while the company looks for a new leader.

Here's the official news release on the news.

9:28 pm on June 13, 2015 (gmt 0)

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Costello will stay as member of the board, his departure was widely rumored for months. Choosing Dorsey to take over in the interim is interesting since he is a former Twitter CEO, he'll have his work cut out for him given Twitter's lack of user growth and the short patience of it's shareholders.