Jay Sullivan is the now new general manager of Bluebird and will also act as the interim general manager of Goldbird. ![]() Twitter spokesperson Adrian Zamora confirmed the changes, saying in a statement to The Verge, that they can confirm that both Kayvon Beykpour and Bruce Falck are leaving the platform. However, as a social media company, they did not hit the intermediate milestones that enable confidence in the said goals. In a memo to employees obtained by The Verge, Agrawal wrote that in 2020, the decision was made to invest aggressively and to deliver massive growth in audience and revenue. Facebook, by contrast, reported $21 billion in sales in the same quarter, and has billions of users.These moves are happening at the same time that Tesla CEO Elon Musk moves forward with his $44 billion purchase of Twitter, although he has not taken ownership of the social media company yet.Īlso Read: Elon Musk Finally Buys Twitter: How Much Did the App Cost? Twitter's quarterly revenue, mainly from ads, passed $1 billion for the first time at the end of last year. It has also struggled with misinformation and handling abusive users and trolls. While Twitter has hundreds of millions of users and is popular among celebrities, the media and political figures, notably President Donald Trump, critics say it has been slow to innovate. That includes the much-larger Facebook, as well as newer apps like Snapchat and TikTok that are popular with young people. ![]() The company has struggled to grow its business at the same pace as its biggest competitors in Silicon Valley. Here’s what I know □□- jack December 9, 2018Īs Dorsey tweets about his life choices, investors have become restless about whether he's the right CEO to lead Twitter. We went into silence on the night of my birthday, the 19th. The soft-spoken Dorsey has brought attention to himself for many things beyond his unusual twin CEO jobs, which have him splitting his time between Twitter and Square.įor my birthday this year, I did a 10-day silent vipassana meditation, this time in Pyin Oo Lwin, Myanmar □□. presidential election, the summer Olympic Games in Tokyo and the coronavirus outbreak, that could attract people and advertisers to the platform. The worry is that under Dorsey's leadership, Twitter is not poised to capitalize on a flood of news this year, including the U.S. The two sides have had constructive talks, according to the people, who were not authorized to speak publicly. The hedge fund is pushing for a CEO whose sole job is running Twitter.Īdding pressure, Elliott has nominated four directors to the company's board, according to two people familiar with the matter. ![]() The powerful hedge fund Elliott Management has bought a sizable stake in Twitter in hopes of bringing change to the social media company.Įlliott is concerned that Dorsey hasn't focused enough on Twitter, because he is also chief executive of payments company Square. ![]() He often says and does things that raise eyebrows. Jack Dorsey's dual roles as CEO of Twitter and Square is drawing pressure from an activist investor, which is pushing for changes at the social media company.
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