Outgoing Twitter CEO’s Shares Surge As Investors Cheer

Twitter CEO Dick Costolo stepped down Wednesday, six weeks after the company reported poor earnings that drove its shares down almost 25 percent. Twitter co-founder Jack Dorsey will replace Costolo and serve as interim chief executive, effective July 1, the company said. Twitter said in a Securities and Exchange Commission filing on Wednesday that Costolo will be stripped of all

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Sheryl Sandberg: ‘As A Woman Gets More Successful.. She Is Less Liked’

Ellen Pao’s high-profile gender discrimination lawsuit has resonated with women across Silicon Valley and beyond — including Sheryl Sandberg. In a recent interview with Virgin Group founder Richard Branson and Bloomberg, the Facebook executive said she saw many of her own experiences reflected in Pao’s case against venture capital firm Kleiner Perkins Caufield & Byers. “We have systematic stereotypes of

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Facebook Didn’t Ruin Instagram, Actually Made It 10 Times As Big

When Facebook bought Instagram for a cool $1 billion, some fans worried the social networking juggernaut would somehow make the photo-sharing app uncool and irrelevant. Instead, Instagram has retained its edge and become a giant. On Wednesday, Instagram announced a huge leap in users. Three hundred million people now log in each month to thumb through, double-tap and comment on

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Twitter Under Fire As Users Spread Information About Alleged Rape Victim

Twitter is under fire for failing to quickly stop the spread of personal information allegedly belonging to “Jackie,” the woman who described being brutally gang raped in a November Rolling Stone article, despite recent efforts to beef up anti-harassment measures. Last week, Rolling Stone reported that it had doubts about the accuracy of Jackie’s description of being raped at a

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