Twitter chief executive Dick Costolo is stepping down and will be replaced on an interim basis from July 1 by co-founder Jack Dorsey, the company said Thursday. The move comes with the one-to-many messaging platform struggling to boost its user base after a much-anticipated public offering in 2013. Costolo guided the San Francisco-based firm through its initial public offering, but growth has been disappointing and the company has yet to show a profit. A Twitter statement said Costolo would remain as a member of the Twitter board and that Dorsey would stay as CEO of Square, the financial technology group he founded, during the search for a new chief executive. Guardian
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