In a shocking announcement on Twitter’s blog, Williams said that Twitter COO Dick Costolo would be stepping in as the company’s CEO. Interestingly, Williams will stay with the company though, but limiting his role to product strategy.
This is why Facebook is way sexier than Twitter — all the stealing and lies makes it much more interesting , no? I was hoping for something a little more dramatic.
Williams went on to say:
‘The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter to get us there. This led to a realization as we launched the new Twitter. I am most satisfied while pushing product direction. Building things is my passion, and I’ve never been more excited or optimistic about what we have to build (via Mashable).
That may be be the first time in history that a CEO decided to step down and become a giant nerd again. I thought that’s why people wanted to be CEO in the first place, to NOT be a giant nerd.
Oh well, Twitter is by far the most obnoxious social media tool out there right now, one that will hopefully go the way of New Coke or the Sham Wow — into oblivion. But I’m not going to delete my account just yet.