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Twitter chief quits over user numbers; In Brief.

THE chief executive of Twitter has quit the social network amid pressure from shareholders over the site's user numbers.

Dick Costolo announced that he had decided to leave the California-based company at the beginning of July, and will be replaced as interim chief executive by Twitter co-founder Jack Dorsey. The social network has around 300 million users globally, some way behind rival Facebook's 1.3 billion active users. The number of those signing up to Twitter in the last year has been slower than hoped, reportedly leading to some investors to call for a change.

Facebook-owned WhatsApp Messenger, Facebook Messenger and Instagram all also have similar user numbers to Twitter, and Mr Costolo has been under pressure to close the gap with Facebook, and improve Twitter's market share in the social networking world. Already this year the site has launched a live video streaming app, Periscope, as part of the attempts to lure new users.

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Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Jun 15, 2015
Words:155
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