In case you haven’t heard yet, Dick Costolo is out as CEO at Twitter. I’m an outsider, so I have no idea whether this is deserved or not, but when analysts question a CEO’s tenure publicly, it can easily undermine their stature to the point where it becomes a self-fulfilling prophecy. In this case, it wasn’t unexpected.
Twitter isn’t profitable, and has lately shown signs of stalling growth. Whoever takes over the reins there (Jack Dorsey is stepping in as interim CEO) is going to be under pressure to “fix” whatever is ailing the company, and fast.
The problems may only have manifested since the IPO, but they aren’t really new though. Here’s something I wrote (I was talking about a spate of Twitter-imitators at the time) four years ago:
I always wonder about sites that are focused on Twitter-like feeds though. To my mind, that functionality basically forms the same purpose as RSS feeds. Its just crying out to be aggregated, and then where does that leave the feed sites, or the individual content creators?