Should Twitter Inc. (NYSE:TWTR) Consider Changing Its Chief Executive Officer?

The expectations of the investor’s spike up when a publicly traded company, such as Twitter (NYSE:TWTR), trades at year high values of $70 on the first day of trading. The past year has been like a roller coaster for the company. At times, the stocks traded as high as $71.25 for each share whereas at other times, the stocks were trading at as low as $29.51

The company has been served by various executives during the course of past year. However, the chief executive of the company, Dick Costolo, still has not found the right combination. Many of the market analysts are posing the question as to whether it is time for the company to bid a farewell to the current CEO of the company and find a new one; one that can formulate a strategy and then implement it in order to address hundreds of concerns raised by the investors of the company.

The talks about Dick Costolo started when the company introduced its new chief financial officer back in the summer of 2014. The company has chosen Anthony Noto to perform the functions of CFO. The ever changing management of the company has confused the investors and has raised questions instead of addressing them.

Anthony Noto was hired at a time when most of the executives either left the company or were ushered out of the company. Due to these changes, the company lost its chief of operations, Ali Rowghani. The senior most manager of the company was also ushered out the very same day. The same day, a new product executive and an engineering chief was introduced into the board. This was the day when investors started to worry about the future of the company.

Some of the major investors of Twitter Inc. (NYSE:TWTR) were not quite happy with the chief executive when he continued to sell his twitter stock. Dick Costolo announced publicly that he would not bring his stock into the market; however, a couple of months later, he unloaded around 500,000 shares of the company. These shares were part of his family fund.

The CEO, instead of selling the stock, would have built a pile if he believed that the company would make a comeback. In order to address the concerns, Dick Costolo replied that he still owned a large portion of the company’s stocks. Although the statement was true, the impression that was sent through selling the stocks could not be erased.

The investors want a change in the leadership, and that can only be possible with a change of the CEO. The stock prices of the company spiked up by 4 percent when the analysts suggested that chances were that Dick Costolo would not be in the management of the company during the year 2015.

The stocks of the company, during the last trade day of January 01, 2015, started at $35.89 and closed at $35.87, after hitting the highest price of $36.49.