Twitter co-founder Dorsey back in charge of product
Twitter is now signing up 500,000 new users every day
Jack Dorsey, the co-founder of micro social network Twitter, is returning to the company as product lead and executive chairman. Dorsey quit the CEO position in October 2008 to be replaced by cofounder Evan Williams. Some say Dorsey left because Twitter was struggling to meet demand and others because it wasn’t making money. Either way, Williams was replaced in October 2010 by Dick Costolo, who was charged with making the company generate some cash.
Now Williams will be replaced again, stepping back from Twitter on a day to day basis. Dorsey will fill his shoes as lead product manager but will also work on his venture as CEO of Square, which develops a credit card reader the size of a key fob that plugs into the headphone socket of a smartphone, turning the device into an electronic point of sale.
Earlier this month, Twitter celebrated its fifth birthday, now signing up 500,000 new users every day.
Yahoo bets farm on Tumblr acquisition
Internet firm Yahoo on Monday moved to acquire blogging platform Tumblr for $1.1bn in cash. In some ways this is a last ditch attempt to keep Yahoo relevant and CEO Marissa Meyer made a promise during the announcement “not to screw it up.”
Twitter tapped by Reliance in OTT partnership
Mobile operators are increasingly seeing the value of partnering with Over The Top (OTT) service providers to mutual benefit. This week Indian carrier Reliance Communications struck a deal with social network Twitter to effectively subsidise data access for a limited period of time.
Viadeo: Growing locally
Chams Eddine Diagne, Africa General Manager, Viadeo, talks to telecoms.com at AfricaCom 201, about growing a professional social network with 45 million members.
Facebook: Strong features
Nicola D’Elia, Growth Manager Africa, Facebook, talks to telecoms.com at AfricaCom 2012 about growing the social network’s presence in Africa.
Loading ...
With summer supposedly fast approaching, many look to trim some fat and get in shape for the sunny months. The Informer has never been a huge fan of gyms; in fact his favourite machine in the gym is the one that sells chocolate. Telefonica’s UK arm O2, is one business that is looking to get lean for the holidays, though, and this week it announced that it is to trim 3,500 UK employees.