rtmark
LearnBonds.com

Twitter Inc (NYSE:TWTR)’s Dorsey Overcommitted – Should Not Be New CEO

Twitter inc (TWTR) Jack Dorsey

Twitter Inc (NYSE:TWTR) early investor, Prince Alwaleed bin Talal, thinks the firm’s interim CEO is overcommitted says a report from the FT.  Jack Dorsey, co-founder of Twitter was named the interim head on Thursday following CEO Dick Costolo’s decision to leave. He will be stepping down on July 1.

Jack Dorsey Twitter CEO (TWTR)

 

Twitter CEO should be tech savvy

Alwaleed told FT, “Jack has another company called Square which requires a lot of attention and a full-time job round there. I believe and trust that Jack Dorsey is there on a temporary basis.” The prince said that the new leader should be tech savvy with an investor-oriented process and marketing mind-set.

Back in 2011, Alwaleed invested in the micro-blogging site, paying $300 million from his personal wealth and funds from Kingdom Holding, where Alwaleed is a major investor.

Also, Dorsey told Reuters on Thursday that he was not thinking “at all” about being CEO for the long haul. He says for that the search has just started. However, he did not rule out the job completely. Many reports are pointing that Anthony Noto is the top contender for the post of CEO.

On Monday speculation about the next CEO at Twitter Inc was rife, and a very negative appraisal on the firm from CNBC’s Jim Cramer sent the shares spinning. At time of writing, just before 2 PM EST, shares in the firm had lost more than 3% of their value for the full day so far.

Will Noto replace Costolo?

Noto has been gaining clout in the decision-making at Twitter, and there are good chances of he being appointed as the CEO. Back in April, Costolo wrote in an email to Noto that he will look after the marketing, a segment that was not a focus for the social media company until now. For a finance chief, the marketing role was a bit unusual, but Noto was ready

Within a year of taking the job, Noto headed major deals, took charge of vital acquisitions, and helped Twitter Inc (NYSE:TWTR) design its content strategy while expanding his role to help define what the product does.

Even Costolo might prefer Noto as the next CEO. In May, during a tech conference, talking of Noto, Costolo said, “He has superhigh bandwidth,” adding, “We didn’t bring him in to just be a CFO.”

Apart from Noto, analysts and investors proposed both Dorsey and Adam Bain for the post of CEO. Bain, VP of Global Revenue and partnership is credited with taking ahead Twitter’s ad business, and is also seen as a potential replacement for Costolo.

 

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.