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Alwaleed backs Twitter interim CEO Dorsey, says brings continuity

June 15, 2015 creative interim-head, logo-reflected, needed, prince-alwaleed, reuters, social, twitter, zenica

Saudi Arabia's Prince Alwaleed bin Talal, one of Twitter's earlier investors, told Reuters he believed Jack Dorsey would bring continuity to the social messaging firm and he would back him if he wished to become chief executive permanently. Dorsey, a co-founder of Twitter, was named interim head last Thursday after Chief Executive Dick Costolo abruptly announced he was stepping down effective July 1. In a written statement to Reuters, Alwaleed said he “knew Dorsey well and that as one of the founders who knows the company very well he would bring the needed continuity” while the company searched for a new chief executive

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With CEO shakeup, Twitter under pressure to please advertisers

June 15, 2015 creative amid-pressure, francisco, from-investors, interim-head, its-corporate, needed, san, shown-at-its, twitter, zenica

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Twitter Inc's 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's outgoing chief executive, Dick Costolo, resigned abruptly Thursday amid pressure from investors to increase the user base and improve what's known as direct response advertising, the most lucrative type on the microblogging site. Before joining Twitter in 2010, Bain served as president of the Fox Audience Network where he was responsible for monetizing advertising platforms across News Corp's web properties.