Posts Tagged ‘future of twitter’
Ali Rowghani has resigned from his position as Chief Operating Officer (COO) of Twitter.
Rowghani, who joined Twitter from Pixar, will remain an employee but will switch to an advisory role.
Microsoft has a vision: an Xbox in every living room, with the device becoming the central entertainment unit for the family.
Entertainment, of course, is a very expansive term, and now that description – and Microsoft’s vision – includes social media, as yesterday the Redmond giant announced that more than 45 new apps are coming to Xbox One and Xbox 360, including Twitter and Vine.
Chris Fry has stepped down from his role as senior vice president of engineering at Twitter, switching immediately to a purely advisory role with the company.
Twitter’s stock has enjoyed a little bit of an uptick this week, jumping 11 percent on Wednesday after a much-needed buy upgrade from Nomura.
However, share prices are still down some 45 percent this year and Twitter still needs to convince a skeptical investor market that it’s a good bet for the future, particularly when compared to its great rival, Facebook.
Twitter’s (TWTR) stock rallied 11 percent yesterday to close at $33.77 in New York after Nomura Securities upgraded the company to a buy.