Is Twitter’s Change in Management a Good Thing?

At the end of October, Twitter officially announced that CEO Jack Dorsey would be stepping back. With him being one of the original founders, this news got a shocking response out of most investors.

Fast-forward to the end of November, and this has resulted in Twitter stock dropping by 18%. But here’s the thing, maybe it’s not such a bad thing after all. On the contrary, maybe we should be hyping this fact.

It’s Time to Get the Full-Time CEO We Deserve

For those who didn’t know, Jack Dorsey had actually been leading two companies at the same time. One is Twitter, and the other is Square. Which was something that had been going on for the past seven years.

More so, there’s something else that people seem to be ignoring right now. For many years now, Twitter has been a large underachiever in the social media market. Regardless of its massive user base, it never managed to turn on a deserving profit.

In retrospect, this might have been a side effect of having a part-time CEO. With the knowledge that new CEO Parag Agrawal will only have Twitter on his plate, this could very well be the change the company needed to monetize as it should.

Nonetheless, it will take time for this decision to have a significant impact. So might as well keep a close eye on the social media company. Let’s see where things go from here.