Dorsey became the CEO in 2007 but was ousted the following year as his leadership was branded as subpar by fellow founder Williams. Reports suggested Dorsey’s attention was on other projects, and he struggled to manage frequent outages during a period of exploding growth.
Twitter‘s stock price continues to decline. Mark Zuckerberg’s social network recently announced that one in seven people on Earth had logged in on a single day.
“We think the slowdown in users sort of caught them by surprise”. As recently as April, the stock traded above the $50 handle – the subsequent plunge in share prices helped instigate an eventual move in management. In other words, Dorsey subtlety left the door...