Wall St cheers exit of Twitter chief Costolo

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By Julia Love

Shortly after Twitter announced Mr Costolo would step down on July 1, the site was inundated with 140-character tributes from employees and supporters, many capped off with the hashtag #ThankYouDickC.

Twitter employees also used the hashtag #lovewhereyouwork to show solidarity with their departing leader.

“Gonna miss this guy,” Twitter designer Paul Stamatiou posted. “You remembered my name on day one.”

Wall St’s reaction was far harsher, as Twitter shares rose to $37.17, up 3.6%, after news of Mr Costolo’s exit, meaning investors thought Twitter was worth $900m (€800m) more without Mr Costolo than with him.

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