Twitter just announced that CEO Dick Costolo will be stepping down on July 1. Jack Dorsey, one of the original founders of the company, will be the interim CEO.
It’s been a rough year for Twitter, with investors and analysts wondering lately whether it was time for a change in leadership.
Costolo has been under fire recently for Twitter’s failing to hit revenue and profitability targets, and for the fact that Twitter’s user base seems to have stalled out.
In a press release, the company said it would form a search committee led by board member Peter Currie, plus Peter Fenton and Ev Williams.
