Dick Costolo cycled through lots of senior executives during his five-year run at Twitter. So it made sense that eventually he would have to leave, too. And when he did, Wall Street cheered, pushing the stock up as much as 7 percent.
Wall Street Is Bored With Twitter Again. So Who Has to Go Now?
That was quick.
Asa Mathat
Peter Kafka covered media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.
But that was yesterday. Today, Twitter stock is back down again, right where it was before the company announced Costolo was out.
His replacement, Jack Dorsey, is only there on an interim basis. Maybe Twitter’s board can see what happens if it replaces itself.
This article originally appeared on Recode.net.
