12.06.2015 - 00:29 [ TechCrunch ]

Twitter’s CEO Dick Costolo Chooses To Step Down, Jack Dorsey Named Interim CEO, Shares Up 3%

After years of user-growth struggles, Twitter just announced that its CEO Dick Costolo has chosen to step down July 1, though he’ll remain on the board. Twitter co-founder and Square CEO Jack Dorsey will be the interim CEO. A conference call with investors has been set for 2:15 p.m. PST today to discuss the situation.