Twitter seeks new CEO, and users, as Costolo exits

Twitter Inc's announcement that Dick Costolo would exit as CEO on July 1 was long on plaudits but offered few clues on how the company will tackle its biggest problem: user growth. "Prospective buyers have been interested in purchasing Twitter in the past, and during the interim (CEO) search period we believe the opportunity for acquisition is heightened," Jefferies analysts wrote in a client note. Twitter's current market value is about $23.5 billion, suggesting a bid would have to be pitched at around $30 billion.

Twitter seeks new CEO, and users, as Costolo exits source: http://finance.yahoo.com/news/twitter-seeks-ceo-users-costolo-132010230.html