It seems not all good happening with micro-blogging giant Twitter these days. It’s losing its user base and its performance in the share market is also getting poorer. And if rumours on Twittersphere are to be believed, Twitter will now lose its chief executive official Dick Costolo.
According to the sources, CEO Constolo might lose his job. It would be the Thursday’s quarterly earnings report that could come as his savior.
The social networking website company has emerged as an inconsistent stock since it made a blockbuster initial public offering (IPO) in November 2013. The company impressed almost every investor on its first day of trading when its shares jumped more than 70 percent.
A month later, the company’s stock done better as it gained nearly 200 percent from its IPO price to more than USD 70 per share. But, now the misfortunes seem to be knocking at the door as Twitter’s stock has tumbled back to the ground since then.
The stock price of Twitter was slashed in half in 2014 as investors expressed concerns over the slowing down in its user growth and worried about the business model in long-term.
If things didn’t go well, some may raise voice for better replacement for Costolo.
Meanwhile, there is some good news also. Twitter had a good start in 2015. The stock has jumped about 15 percent so far this year.
It has also unveiled two new features, generating curiosity among the users. These features are: a camera function allowing users to shoot and tweet videos directly from the Twitter mobile app, and the ability to send Direct Messages to a group.
Share this:
