6 ms·

Yowza. This surprises me. I thought Ev was interested in running the company and building a legacy, but this looks more like a plan for a big exit.

by seldo 16y ago

skbohra123 16y ago
Actually this may prove more fruitful in the line of Google and MS. I think Google guys did the great thing by choosing a third person as CEO. This gives them more time to think on strategies and decisions.
- macrael 16y ago
  What does a CEO do besides think on company wide strategies?
  - rcoder 16y ago
    Recruitment, monetization, and investor relationships are all part of a CEO's core responsibilities, and totally unrelated to building products or attracting users. If Ev wants to focus on those activities, it seems totally reasonable to hand over the CEO role to someone else.
staunch 16y ago
I don't see how it foretells any plans to exit. Perhaps Ev just doesn't have the desire to be CEO of a 300+ person company. It's quite possible Costolo was hired as COO as a way of transitioning him into the CEO spot if he did well. That would certainly seem like a pretty smart strategy.
- teej 16y ago
  >> It's quite possible Costolo was hired as COO as a way of transitioning him into the CEO spot if he did well. I'm quite sure this is what happened. Here's a detailed breakdown from Shervin Pishevar on how SGN did practically the same thing. http://www.quora.com/Is-it-true-that-Shervin-Pishevar-is-out-as-CEO-of-SGN http://www.quora.com/Is-it-true-that-Shervin-Pishevar-is-out...
- points 16y ago
  OTOH, Having 300+ people at some silly little micro blogging fad with very little revenue, doesn't seem like a pretty smart strategy.
  - points 16y ago
    So you downmodders think 300 employees is a reasonable number for a yet to be proved no business model startup? Wow.
    - ErrantX 16y ago
      Their quarterly revenue is, I believe, estimated somewhere in the region of $X million. I suspect you got so many downvotes, though, because of the dismissive tone of your comment.
      - points 16y ago
        Their revenue is from 1, or at best 2 'customers', who could stop being 'customers' at the drop of a hat.
        seldo 16y ago
        I believe your information is out of date. In addition to the two major data customers in Google and Microsoft (rumoured to be in the region of $25m/year) it also has advertisers who pay for promoted tweets and promoted hashtags. As for the "at the drop of a hat", of course they could, but why would they?
        points 16y ago
        Once wave takes off of course!
jsm386 16y ago
http://techcrunch.com/2010/10/04/twitter-ceo-dick-costolo/ http://techcrunch.com/2010/10/04/twitter-ceo-dick-costolo/ 'New Twitter was definitely a trigger for this,' Williams told me. 'Conveniently, I took over the CEO role just about two years ago - and brought Dick in just about a year ago. I’ve always thought of myself as more of a product guy, and New Twitter seems to work out well,' he continued. 'New Twitter was a moment of clarity for all of us here,' Costolo added. '[With this change] Ev can once again focus on product.'

Yowza. This surprises me. I thought Ev was interested in running the company and building a legacy, but this looks more like a plan for a big exit.

by seldo 16y ago

Yowza. This surprises me. I thought Ev was interested in running the company and building a legacy, but this looks more like a plan for a big exit.

skbohra123 16y ago

Actually this may prove more fruitful in the line of Google and MS. I think Google guys did the great thing by choosing a third person as CEO. This gives them more time to think on strategies and decisions.

macrael 16y ago
What does a CEO do besides think on company wide strategies?
- rcoder 16y ago
  Recruitment, monetization, and investor relationships are all part of a CEO's core responsibilities, and totally unrelated to building products or attracting users. If Ev wants to focus on those activities, it seems totally reasonable to hand over the CEO role to someone else.

staunch 16y ago

I don't see how it foretells any plans to exit. Perhaps Ev just doesn't have the desire to be CEO of a 300+ person company. It's quite possible Costolo was hired as COO as a way of transitioning him into the CEO spot if he did well. That would certainly seem like a pretty smart strategy.

teej 16y ago
>> It's quite possible Costolo was hired as COO as a way of transitioning him into the CEO spot if he did well. I'm quite sure this is what happened. Here's a detailed breakdown from Shervin Pishevar on how SGN did practically the same thing. http://www.quora.com/Is-it-true-that-Shervin-Pishevar-is-out-as-CEO-of-SGN http://www.quora.com/Is-it-true-that-Shervin-Pishevar-is-out...
points 16y ago
OTOH, Having 300+ people at some silly little micro blogging fad with very little revenue, doesn't seem like a pretty smart strategy.
- points 16y ago
  So you downmodders think 300 employees is a reasonable number for a yet to be proved no business model startup? Wow.
  - ErrantX 16y ago
    Their quarterly revenue is, I believe, estimated somewhere in the region of $X million. I suspect you got so many downvotes, though, because of the dismissive tone of your comment.
    - points 16y ago
      Their revenue is from 1, or at best 2 'customers', who could stop being 'customers' at the drop of a hat.
      - seldo 16y ago
        I believe your information is out of date. In addition to the two major data customers in Google and Microsoft (rumoured to be in the region of $25m/year) it also has advertisers who pay for promoted tweets and promoted hashtags. As for the "at the drop of a hat", of course they could, but why would they?
        points 16y ago
        Once wave takes off of course!

jsm386 16y ago

http://techcrunch.com/2010/10/04/twitter-ceo-dick-costolo/ http://techcrunch.com/2010/10/04/twitter-ceo-dick-costolo/ 'New Twitter was definitely a trigger for this,' Williams told me. 'Conveniently, I took over the CEO role just about two years ago - and brought Dick in just about a year ago. I’ve always thought of myself as more of a product guy, and New Twitter seems to work out well,' he continued. 'New Twitter was a moment of clarity for all of us here,' Costolo added. '[With this change] Ev can once again focus on product.'