Twitter has had investors (and journalists) eagerly awaiting its appointment of a new chief executive for the two and a half months since Dick Costolo stepped down and co-founder and former chief exec Jack Dorsey took over as a caretaker leader.
Chris Sacca, an early Twitter investor who has long been the most outspoken shareholder on the company’s user growth troubles, is now calling for Dorsey to be made its permanent chief executive. Read more
Dick Costolo is out as chief executive of Twitter, and Jack Dorsey, one of the company’s co-founders, is in – at least on an interim basis.
Here’s how the news unfolded on the messaging platform on Thursday. Read more
If you thought flying a Flappy Bird was fiendish, just wait until you try swooping Swing Copters. So say new addicts of the latest free app from cult Vietnamese developer Dong Nguyen, who this week overcame his famous revulsion at his previous creation to release what looks like another hit.
Droves of instant Swing Copters devotees took to Twitter Friday to bemoan how guiding the propeller-headed hero through a landscape of deadly swinging obstacles was even closer to impossible than navigating Flappy Bird’s famously exasperating arrays of killer pipes. Read more
Anthony Noto, the ex-Goldman Sachs investment banker, has just been named as Twitter’s new chief financial officer. Here are five key things to know about him, writes Arash Massoudi: Read more
Twitter has acquired mobile ad specialist Namo Media as it tries to increase advertising revenues and answer investor concerns about its growth prospects. Read more
First it was McDonalds and their #McDstories, which became more about animal cruelty than burgers with friends, then it was #AskJPM Q&A session which was cancelled after it became more about mis-selling scandals and trading losses than investment questions.
Now it is the NYPD’s turn to feel Twitter’s wrath. The force tried to use the site to start a conversation, as social media marketers are prone to saying, about the city’s love for the police. But the tag #myNYPD was quickly adopted for far more photos of police brutality than selfies with the cops. Read more
Twitter has announced the acquisition of Gnip – one of only two companies it originally gave access to the “firehose” of trillions of tweets – as the social media company pursues revenues through selling analytical services. Read more
Twitter unveiled the first sign of its much awaited new design on Tuesday, to a near-universal reaction that it looked just like Facebook. Read more
US politicians are swinging from Vines at President Obama for the first time in their reaction to last night’s State of the Union speech. Read more
There was plenty of self-congratulation going on between Twitter and its advisers on Thursday. They had just avoided a repeat of the messy Facebook IPO: Twitter is officially the new darling of Wall Street.
But did they err in the other direction instead and massively under-price the offering? Read more
Twitter released an updated version of its initial public offering filing on Tuesday afternoon in the US, announcing it will list on the NYSE and giving details about its last three months as a private company.
Here are five things you need to know from the messaging platform’s release:
1. Losses are mounting. Net losses widened significantly from June to September, rising from $70m in the first six months, to $134m for the first nine months as the cost of revenue increased. Read more
Twitter took advantage of the new Jobs Act to file the drafts of its initial public offering document in secret, denying journalists and investors the chance to watch its rough and tumble with the SEC.
But when the registration document was published on Thursday, the SEC also revealed the draft filings Twitter had made since it filed in private way back in July. There’s no big secret hiding here but a few interesting changes that give an indication of what Twitter may have been talking to the SEC about – although of course, they could have just decided to change it themselves. Read more
Ladies and gentleman, the moment you have all been waiting for is fast-approaching: Twitter is due to file the small print on its initial public offering, a bulky S-1 registration statement that will allow investors a peek into the messaging platform’s business.
Here is the Financial Times “Ctrl-F” guide to getting the news fast (Alternatively, please tune in to FT.com when it happens, where we’ll do the heavy lifting for you): Read more