Twitter leaders take flight
Some of tech giant Twitter’s top brass is jumping ship.
Four company executives have quit, according to a tweet by Twitter's newly-returned chief executive Jack Dorsey.
Insiders say it means Mr Dorsey must do more to revive the company’s stalling growth.
Media head Katie Jacobs Stanton, product head Kevin Weil, head of engineering Alex Roetter and HR boss Brian "Skip" Schipper have “chosen to leave the company”, Dorsey’s tweet said.
“All four will be taking some well-deserved time off. I'm personally grateful to each of them for everything they've contributed to Twitter and our purpose in the world,” he said in an attached statement.
It continues the tough times for what was one of the most-hyped tech stock of all time.
Twitter shares are down by nearly 50 per cent, leaving the stock now below its initial public offering (IPO) price.
Analysts say Twitter has seen slow growth in its user base amid rising challenges from services like Instagram and Snapchat.
Twitter’s user base of just over 300 million users posted its slowest user growth in 2015, eclipsed by photo-sharing app Instagram, which hit 400 million users last year
Some say Twitter may even be vulnerable to takeover by Google or Facebook.
Mr Dorsey told investors at a recent earnings conference call that he was “hiring and investing in talent” while undertaking some “bold rethinking”.
There is even a rumour that the “rethinking” might be to increase the current 140 character count limit.