1. Realistically, even if Dorsey says he'll quit Square, he'll still probably spend time on Square. Hence he won't be a full-time CEO.
2 In his CNBC interview with Costolo 6/12, he demonstrated the same Wall Street relationship dysfunction Costolo had. Twitter closed down that day after the interview.
After studying TWTR, IMHO I believe individual user numbers (MAU, etc) are key, followed by increasing the platform's stickiness for these consumers. Bacca's suggestions, among others, for monetization then make sense. But with stagnant individual user growth and questionable stickiness, it doesn't make sense now. It would just empower opportunistic competition.
I read the 4Q 2014 and 1Q 2015 earnings call transcripts. In the 4Q, Costolo was incorrectly bullish on MAUs. Then, in the 1Q call he was all about "we" failed to execute on MAU and non-GAAP EPS. Since there's no COO since mid last year, lack of execution comes home to roost at CEO.
Quality and speed of execution issues do implicate the CEO, so can't argue with that view. I'm concerned about a culture that the Periscope CEO basically praised for not being demanding. That concerns me, and has be concerned about how well the BoDs are honoring their fiduciary responsibilities to the shareholders. My time horizon is 1-1.5 yrs. I fear an AMZN 2000-2009 stock plateau.
By the way, nice to see posts with more analysis and rigor.
I don't disagree with your ad/sales concerns, but believe they are secondary. Having evaluated Twitter's articulated strategy last fall and, reading between the lines, finding it sensible, I believe quality and speed of execution is the root of the problem. Communicating the platform's value proposition - beyond the common non-user perception it's only a window into the lives of narcissistic celebrities - to increase adoption/use, and making the platform "stickier" for institutional, corporate and individual users, will create an environment where the ad/sales issues you mention become more primary. Without significant progress towards the two primary concerns, Twitter usage won't grow and/or competitors will steal the market opportunity.
Did anyone else see that in his interview last week with CNBC?
That one comment trumps any profit placating statements I've heard from Twitter execs.