Jack Dorsey would have to give up his post at Square if he wants to become permanent CEO of Twitter. The company he helped found and now leads on an interim basis said Monday that it is only considering candidates who can make a 'full-time commitment to Twitter.' Dorsey was named interim CEO after Dick Costolo stepped down effective July 1 amid criticism over Twitter's disappointing financial performance and share price decline. Costolo had been Twitter's CEO for five years and led the company through a successful stock market debut in 2013. But Twitter has yet to make a profit and there are concerns about its ability to grow its user base.Costolo stepping down from his role beginning July 1Costolo faced controversies over online abuse and user numbersBoard only considering candidates who can make 'full-time commitment'
While some analysts expect _ to be hired to the permanent post, this would mean giving up his job at Square, the payments startup, and Dorsey has not indicated that he would do this. While some analysts expect Dorsey to be hired to the permanent post, this would mean giving up his job at Square, the payments startup, and _ has not indicated that he would do this. _ has been under the microscope since going public in late 2013, and has struggled to deal with user growth issues that have seemed to show the company had hit a plateau. Costolo has agreed to cancel all of his remaining unvested equity in _ after July 1 as part of today's deal. 'He has a profound understanding of the product and _'s mission in the world as well as a great relationship with Twitter's leadership team.' _'s adjusted earnings were 7 cents, better than 4 cents analysts expected, Selerity said in another tweet.