World

Twitter’s Dick Costolo steps down as chief executive

Dick Costolo is stepping down as chief executive of Twitter, the company has announced, the BBC reports.

The social messaging service’s co-founder Jack Dorsey will take over as interim chief on 1 July and stay until a replacement can be found.

Mr Costolo had been under pressure from investors unhappy with the firm’s user growth.

In a statement, he said he was “tremendously proud of the Twitter team”.

Twitter said that its board had formed a committee to undertake the task of finding a successor.

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