Our Take:

Twitter CEO Dick Costolo will step down in the next few weeks, The Verge reports. His future at the company has been in question the last several months due to a lack of subscriber growth and unfavorable stock price. Co-founder Jack Dorsey will step up as the interim CEO while Twitter performs a search. Stock prices surged 8% after the announcement.

Twitter CEO Dick Costolo is out at Twitter, a source at the company tells The Verge. Costolo told the staff today he would be stepping down in the next few weeks. Twitter co-founder Jack Dorsey will be interim CEO, the source said. Developing …

Read More at The Verge

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