BREAKING: Twitter CEO Evan Williams Stepping Down

From his announcement:

“The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter (Twitter) to get us there.

This led to a realization as we launched the new Twitter. I am most satisfied while pushing product direction. Building things is my passion, and I’ve never been more excited or optimistic about what we have to build.

This is why I have decided to ask our COO, Dick Costolo, to become Twitter’s CEO. Starting today, I’ll be completely focused on product strategy.”

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By Ben Parr

Twitter co-founder Evan Williams has stepped down from his position as CEO of Twitter.

In a shocking announcement on the Twitter blog, Williams revealed that he asked Twitter COO Dick Costolo to step in as the company’s CEO. Williams will stay with the company though and “be completely focused on product strategy.”

From his announcement:

“The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter (Twitter) to get us there.

This led to a realization as we launched the new Twitter. I am most satisfied while pushing product direction. Building things is my passion, and I’ve never been more excited or optimistic about what we have to build.

This is why I have decided to ask our COO, Dick Costolo, to become Twitter’s CEO. Starting today, I’ll be completely focused on product strategy.” Leer más “BREAKING: Twitter CEO Evan Williams Stepping Down”

New Hires at Twitter Put the Focus on Making Money

Twitter.

The hires round out Twitter’s sales executive ranks, and indicate that the start-up is moving into a new phase, focusing on revenue. [Más…]

Early on, Twitter refused to worry about how to make money and instead concentrated on getting people to use the service. In 2008, Evan Williams, Twitter’s co-founder and chief executive, compared the strategy to Google’s in its early days, telling me in an interview: “It was the classic story of not worrying about monetization yet and getting their product right.”

Since then, Twitter has evolved from a start-up trying to attract users to a household name. With 145 million registered users and $160 million in venture capital, Twitter has been increasingly shifting its focus to figuring out how to earn revenue.


Image representing Twitter as depicted in Crun...
Image via CrunchBase

By CLAIRE CAIN MILLER

Twitter is getting more serious about making money.

On Tuesday, Twitter announced that it had hired two new sales executives, continuing its pattern of plucking top sales executives from other Web companies. Adam Bain, former president of the News Corporation’s Fox Audience Network, will be Twitter’s president of global revenue, and Brent Hill, Google’s former head of financial services for the Midwest, will be director of sales for the Midwest at Twitter.

The hires round out Twitter’s sales executive ranks, and indicate that the start-up is moving into a new phase, focusing on revenue. Leer más “New Hires at Twitter Put the Focus on Making Money”

Twitter Outages Linked to Glitches and Site Upgrade


By NICK BILTON

Twitter Fail Whale

Nick Bilton/The New York Times

It has been a rough week for Twitter and its users. The site has been crashing sporadically for days, sometimes for several hours at a time, due to technical glitches that involved programming errors and the introduction of a new location feature, Twitter Places.

Twitter said in a blog post late Tuesday that from the perspective of site outages and stability, “it’s been Twitter’s worst month since last October.”

One major outage occurred Monday night when Twitter tried to introduce a software upgrade. A brief update on the Twitter status blog explained that the company’s engineers were working to resolve the issue, and service was finally restored, albeit temporarily, by 7:11 a.m. Eastern time on Tuesday. Leer más “Twitter Outages Linked to Glitches and Site Upgrade”

Twitter espera tener cientos anunciantes a finales de año

Twitter espera tener cientos de anunciantes en el último trimestre del año, según dijo el responsable de la gestión financiera de la empresa, Dick Costolo a la agencia Reuters, quien piensa que la empresa se encamina a ser autosuficiente y rentable.

Costolo está convencido que el lanzamiento de entradas patrocinadas supondrá un pilar importante a la hora de comenzar a facturar y de justificar su valor como marca y como empresa.


Twitter espera tener cientos de anunciantes en el último trimestre del año, según dijo el responsable de la gestión financiera de la empresa, Dick Costolo a la agencia Reuters, quien piensa que la empresa se encamina a ser autosuficiente y rentable.

Costolo está convencido que el lanzamiento de entradas patrocinadas supondrá un pilar importante a la hora de comenzar a facturar y de justificar su valor como marca y como empresa. Leer más “Twitter espera tener cientos anunciantes a finales de año”