What Is Twitters Board Of Directors Considering?
Twitter's board of directors is considering many things these days. One big question they are trying to answer is whether or not to sell the company.
With all of the recent changes at Twitter, including the lays off of 8% of its workforce, it's no wonder that the board is considering a sale.
Twitter's board of directors is reportedly considering making a change at the top of the social media company.
According to a new report from CNBC, Twitter's board is "trying to decide whether to replace" CEO Dick Costolo with co-founder Jack Dorsey.
It will be interesting to see what the board decides to do in the coming weeks and months.
The report, citing "people familiar with the matter," comes just days after Twitter released its first-quarter earnings, which missed Wall Street's expectations on both the top and bottom line.
In response to the report, a Twitter spokesperson said in a statement to Business Insider: "We don't comment on rumors or speculation."
Dorsey, who is also the CEO of payments company Square, returned to Twitter in March as interim CEO after Costolo announced he was stepping down. Dorsey has said he plans to remain CEO of both companies.
Twitter's board of directors is reportedly considering replacing CEO Jack Dorsey.
According to The Wall Street Journal, the board is "frustrated" with Dorsey's leadership and are looking for a full-time replacement. The board is also reportedly concerned with Dorsey's role as the CEO of Square, a payments company.
The report comes as Twitter is under pressure to show it can grow its user base and increase engagement on the platform. The company recently made a number of changes to its product, including a new timeline feature that displays tweets chronologically instead of in reverse chronological order.
Dorsey has been Twitter's CEO since 2015 and took on the role of Square's CEO in 2014. He is currently the only CEO of two publicly traded companies.
Twitter's board of directors is said to be considering a range of options for the company, including a sale. Here's what we know so far...
Twitter's board of directors is considering a range of options for the company, including a sale, according to report.
The board is reportedly divided on whether or not to entertain offers for the social media company.
The report comes as Twitter faces pressure from investors to boost its stock price, which has been sluggish in recent years.
Twitter has been exploring ways to grow its business and has made a number of acquisitions in recent years, but it has yet to turn a profit.
The company is under pressure to show investors that it can be profitable and grow its user base.
It remains to be seen what the board will decide, but a sale could be on the table.
The search for a new CEO comes as Twitter continues to struggle to grow its user base and revenues. In the first quarter of 2018, Twitter reported that its average monthly active users had flatlined at 326 million.
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