Tech Unicorns: Twitter Dropping Quickly Down The List
Tue, 09 Feb 2016 00:00:42 UTC by Jeremy Smith
Things are changing at Twitter. Quickly. If the users' tweets are any indication, that is a good thing. Just three months after co-founder Jack Dorsey became Twitter's permanent CEO, four of the company's ten senior managers announced they are leaving.
The shakeup comes as Dorsey attempts to revive growth at the stalled social media company. Twitter's struggles are numerous and well known, but the gist is: Though plenty of media personalities use Twitter daily, new people aren't signing on. Twitter reported 307 million monthly active users last quarter, a growth of only three percent over the past quarter.
Its stock has lost 55 percent of its value in the past 12 months, leading to speculation the company will be acquired. Twitter is sliding quickly down the list of "tech unicorns".
Recently, Lead Stories did a story about the possibility that Twitter introducing changes to its feed that will alter the chronological order in which users see Tweets. Dorsey took to Twitter to deny it. But rumors--of executive departures, potential product changes, and employee unrest--seem to be part of the culture of the company.
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