Twitter 'to unveil founder Jack Dorsey as new chief executive'
There is going to be a new manager/CEO of twitter as twitter have been falling bahind alot in there soical media. Other better social media like facebook and instagram has had more followers that have signed up to them. Twitter wanat a new fresh faced person who will be able to make twitter better than what it is now. This means by making sure that they get more followers and more tweets coming in often. Having this will help twitter become more better than facebook or instagram. This new CEO i scalled jack dorsey who was already part of the company. He will be replacing Dick costolo who was a comedian and entrepeneur.
- Twitter has more than 300m users, far behind the 1.5bn people hooked on Facebooks online social network.
- Twitter's future have hit its shares, which have fallen nearly 50pc since late April. The shares rallied after Re/Code's report, gaining $1.35, or more than 5pc.
- Jack hepled start the company in 2006 he was the CEO until 2008
- Mr Dorsey, 38, remained Twitter's chairman and one of its largest shareholders with a 3pc stake currently worth about $600m.
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- Streaming revenue as a whole surpassed $1bn in the first half of the year for the first time.Download sales revenue fell 4pc to $1.3bn, while physical disc sales dropped 17pc to $748m.
- The rise of digital streaming has helped the industry maintain annual revenues of around $7bn since 2010, offsetting the decline in revenue from digital downloads of single tracks that began in 2013.
- But the level is far below the industry peak in 1999 of $14.6bn, when compact discs were dominant.
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