It's hard to imagine tech giants getting worse than ever. But this dreadful scenario recently happened to a popular social media platform, Twitter, as its stock price fell lower than it was when the company first went public.
Dick Costolo
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Twitter Inc's (TWTR.N) next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week's management shakeup - helping disaffected advertisers connect with users.
Twitter Inc (TWTR.N) Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors.
Twitter executives said that they had no plans to sell their holdings in the social media platform, reported Bloomberg.
Twitter invited potential investors on Wednesday for a luncheon in preparation for the microblogging site's initial public offering.
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