Twitter Getting Ready to Impress Once Again
Jack Dorsey has returned as Twitter's CEO after seven years since he was ousted. It's not the only responsibility he handles; he is also the CEO of Square which is a mobile paying company. Some people go crazy handling one but Dorsy seems to have a secret trick managing to work at both. According to him he plans it well with a themed approach keeping separate days for handling management, marketing, communication, growth, feedback and more.
However, Wall Street has not been patient for Twitter. The stocks of microblogging site dropped lower than its 2013 IPO price in the time span when it was searching for a CEO.
The site's inability to draw more number of active users was as it is a matter of concern among the investors compared to the growth with Facebook and Instagram.
Twitter's expected to make a turn around as the company gave strong numbers for its expected revenue which is between $545 and $560 million. It also estimates earnings between $110 and $115 million.
Twitter, since July is facing a crisis at its leadership position when Jack Dorsey, the co-founder and product visionary decided to hold the reins. Adam Bain was promoted to chief operating officer, and ex- Google employee Omid Kordestani was brought in as the chairman. Twitter planned a restructuring of its team sending out 336 employees.
New Zealand News
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