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Twitter CEO to step down on July 1

Co-founder Jack Dorsey, ousted in 2008, will replace him on an interim basis

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Published Fri, Jun 12, 2015 · 09:50 PM

    San Francisco

    TWITTER Inc chief executive officer (CEO) Dick Costolo abruptly announced on Thursday he was stepping down, amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors.

    Mr Costolo will be replaced by co-founder Jack Dorsey on an interim basis.

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