Twitter's Next Move Under Interim CEO Jack Dorsey

June 12, 2015 2:49 PM

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Twitter's Next Move Under Interim CEO Jack Dorsey

Twitter CEO Dick Costolo's decision to step down from his position, announced Thursday, comes as the social media network faces increased pressure to show investors it has a strategy for growth -- but don't expect any radical changes.

Jack Dorsey, co-founder of Twitter, will step into his old role of CEO on an interim basis effective July 1 as Twitter's board searches for a permanent replacement.

Also read: Trump Takes Twitter Aim at Companies Looking to Move Jobs Abroad

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