Twitter CEO Jack Dorsey, who's also CEO of Square, is at risk of losing his job over a powerful investor's belief that he isn't focused enough on Twitter.
that during the 10-day"vipassana" retreat, he stayed away from"devices, reading, writing, physical excercise , music, intoxicants, meat, talking, or even eye contact."
The company has struggled to grow its business at the same pace as its biggest competitors in Silicon Valley. That includes the much-larger Facebook, as well as newer apps like Snapchat and TikTok that are popular with young people. Twitter's quarterly revenue, mainly from ads, passed $1 billion for the first time at the end of last year. Facebook, by contrast, reported $21 billion in sales in the same quarter, and has billions of users.
"I think product development has been anemic," said Scott Galloway, a marketing professor at NYU who bought Twitter shares because he thought it was undervalued."I think their business model is flawed, But more than anything, you know, the lowest lying fruit here is to find a full time CEO."
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