Chris Saca supports Jack Dorsey as CEO of Twitter




Earlier reports to the decline in the confidence of investors in Twitter, since the Executive Director of the interim the company warned that Twitter is facing problems without an executive director , and closing stock price of Twitter on Friday, fell by 2%, and reached the share price to $ 27.04, the lowest price reached his arrow Since the introduction of the company’s shares to the public in November 2013.

He served Dorsey as interim CEO in Twitter pending the search for a new chief executive, replacing Dick Kostolo , who resigned from his post last June, and the Board of Directors in Twitter search for a new CEO, says the Council that they want a chief executive full-time and part-time, excluded Dorsey As long as he still serves as CEO of Square .

Said Saca said Friday he believed that Dorsey can manage both companies at the same time and succeed in this, and that there are many examples of this, including Steve Jobs, who has served as CEO of Apple and Pixar animation for years together, and Elon Musk , who runs the company Tesla Motor company SpaceX .

It should be noted that the Square company had previously went public in early this year, and presented papers confidentially to the Securities and Exchange Commission and the stock exchange, and start advisors specialists in the Square company preparing for the post-Jack Dorsey in the case decided to leave the company he co-founded to join the Twitter .

Saca says he should be on Twitter to act quickly, and that the Board of Directors of Twitter to put an end to this uncertainty looming, and should these three naming, and return to work for Twitter, mention that this is not the first time that Saca speaks about conflicts within the company publicly , it was published in June last a total of 8,500 words on the Internet and Twitter about what can be, and that before the annual meeting of the company.

Information and indicate that you have Kostolo would step down from the Board of Directors Twitter After selecting the new chief executive of the company name, and that the current Board of Management Includes three former to Twitter Jack Dorsey and they have Kostolo and Evan Williams executives.

But it seems that the main concern facing Twitter is the growth of the number of the site idle users, where private reports showed Twitter-that nearly growth turned off, and there is no increase in the number of users during the second quarter of this year, the report shows that the number of users who log on to the site once per month has increased slightly, reaching 304 million user while it was recorded in the first quarter of this year the figure is 302 million users.

Sparking new fears that Twitter is not a core service for Internet users, and Jack Dorsey said during a conference call with analysts that during the second quarter of this year, there is a decline in Twitter and that this is unacceptable and we are not satisfied with this performance.

He has Board Member Twitter Peter Fenton and Chief Financial Officer Anthony Noto buying shares Twitter this week in an attempt to pay the wheel in Twitter again, and the financial analyst Scott Kessler on Friday the nomination of Twitter within the stock as a company can buy its shares are strong, and that the target price for 12 months It is $ 44 per share.

Kessler said that we recognize that there are questions about user growth and the leadership of the company’s strategic plan and how to implement them, as well, we see it as the company owns several attractions for investors factors and has 316 million monthly active users since June, said Kessler said he expected more clarity with respect to the company’s CEO, and It will be decided within a month or two from now, before the holidays and holiday shopping season.


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