Twitter may be amazingly popular, but it’s had major trouble turning a profit. So that’s why it has a new CEO. Co-founder Evan Williams has stepped down after 2 years running the company and will be replaced by the company’s chief operating officer, Dick Costolo. Costolo, 47, may be a better fit within the tech community than Williams who is staying to focus on product strategy. Costolo. He founded RSS service FeedBurner which he sold to Google in 2007 for $100 million. HeW said today in a statement, “We have awesome stuff in the pipeline, and we’re ready to accomplish more in the next two years than we’ve accomplished in the last four.” But can Twitter monetize its cool factor? Well, the company is next venturing into targeted ads that “find” users based on the words in their tweets.
Tweet This: Twitter CEO Replaced By Insider
What's Hot on Deadline
'Nashville' Creator Callie Khouri On Tragic Twist, Its Inevitability & Aftermath And Why Fans Should Keep Watching
Bill Maher Under Gun Over Late-'90s Video Condoning Sex Between 33-Year-Old Teacher And 12-Year-Old Student
Latest TV News
- Pondering The Imponderable: How A Restructured Hollywood Would Deal With Striking Writers
- Univision Pulls Ads For Pulse Shooting Show Segment; Club Owner, Mothers, Victims, GLAAD Press Network To Stop “Blood Bath”…
- Republican Congressman Darrell Issa’s ‘Real Time’ Surprise Call For Special Prosecutor Gains Traction
- ‘The Good Fight’ Adds Nyambi Nyambi As Recurring
- 'American Girl': Gwendoline Yeo To Star In Amazon's Special 'Ivy & Julie 1976: A Happy Balance'
- ‘MacGyver’ Rebounds In Demo Ratings, ‘Shark Tank’ & ‘Hawaii Five-0’ Top Night