Twitter CEO Dick Costolo to step down July 1
Dick Costolo will step down as CEO of Twitter after almost five years. It did not disclose a reason for his departure.
Twitter Inc. announced the move in a press release Thursday and Costolo also tweeted the news through his own account.
The San Francisco company says co-founder and Chairman Jack Dorsey, 38, will be its interim CEO while it looks for a replacement.
Costolo, 51, will stay on Twitter’s board of directors. He has been a director since September 2009 and became CEO in October 2010.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade
The increase, which takes effect July 1, also calls for annual, regular fare increases of 3% in subsequent years. It's the first time rates will rise in nearly 10 years.
2 weeks ago
Investors pour $1B into Delaware River waterfront projects over 10 years
There’s a steady pipeline of projects planned along the Philly waterfront — including apartments, retail and a public park — even though one developer paused mid-construction.
2 weeks ago
Listen 1:11
Vice President Kamala Harris unveils more student debt relief measures in North Philly
The Biden administration expects the debt relief program will help 30 million people nationwide.
2 weeks ago
Listen 1:00