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Costolo Blames Downfall On Twitter's Hasty IPO

  • Guardian, Wednesday, July 1, 2015 11:34 AM
Dick Costolo blames Twitter’s hasty IPO for his downfall. “The outgoing chief executive … said he underestimated the pressures that going public would place on the company,” The Guardian reports. “While Twitter had grown revenue by 97% year on year to $1.7bn … the pressure placed on the company obscured its other achievements in bringing 302 million monthly active users on to the service.”
 

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