Different reactions to Twitter CEO’s exit
Print Edition
AS Twitter Chief Executive Officer Dick Costolo’s departure was cheered by stockholders, his fans struck a different note, flooding the micro-blogging site he has steered for nearly five years with messages of gratitude and support.
Shortly after Twitter announced Costolo would step down on July 1, the site was inundated with 140-character tributes from employees and supporters, many capped off with the hashtag #ThankYouDickC. Twitter employees also used the hashtag #lovewhereyouwork to show solidarity with their departing chief executive officer.
“Gonna miss this guy,” Twitter designer Paul Stamatiou posted. “You remembered my name on day one.”
Wall Street’s reaction was far harsher, as Twitter shares rose to US$37.17 on Thursday, an increase of 3.6 percent, after news of Costolo’s exit, meaning investors thought Twitter was worth US$900 million more without Costolo than with him.
But on Twitter itself, the sentiment was more in keeping with Twitter Chief Financial Officer Anthony Noto’s reaction. “#forevergrateful to u for giving me a once in a lifetime opportunity to join you @Twitter,” he wrote. “We will not rest until we make u proud.”
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