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Twitter’s New CEO Aims to Move Faster, Not Change Course

  • Social network reaches 217 million daily users on average
  • Company announces $4 billion accelerated share buyback
Bloomberg business news
Twitter CFO on Earnings, Change of Leadership
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Twitter Inc.’s new Chief Executive Officer Parag Agrawal promised to push projects through faster, but told investors they shouldn’t expect major changes to the company’s product or business growth strategy now that co-founder Jack Dorsey has stepped aside. 

Maintaining the status quo seemed to be the theme of Twitter’s fourth-quarter earnings call Thursday, during which the company reported holiday sales and user growth that mostly met Wall Street expectations, but didn’t go much beyond that. Twitter also announced a $4 billion stock buyback, which helped buoy shares. The stock was up about 1% as the market opened in New York.