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Bloombergs European Headquarters in london. Our top story today, twitter Ceo Dick Costolo paying the price for the social Media Services lack of user growth. Costolo will step down and jack dorsey will return to take charge temporarily. Caroline, this came really as a surprise. After hours, the share price went up. Caroline they seemed to like it. The share price spiked as much as 13 , all because this man is relinquishing his power. He will step aside on july 1. Hes been there since 2010. He did achieve all that. He took twitter to the market. Sensational valuation. Since then, the share price has more than halved. More than 50 wiped off its valuation. Therefore, he is bowing out. He leaves 60 million stock awards. He does remain on the board. Some of the things, he decided that he wanted to move away from twit ....
Its 6 00 in london. Lets talk about one of the big stories of the morning twitter. Lets bring you the share price. You can see it on the screen beside me. Dick costolo is out as ceo, back comes jack dossey. The man who sent the first ever tweet back in 2006 can he dragged more revenue out of the business . Lets put this in the longterm perspective and show you how the share prices are over a longer time. A longer time period. The expectation was built up around this since november, 2013. The stock closed at 35. 84. Lets move on to talk about Something Else that is greece. It seems that the diplomatic niceties have once of again evaporated in brussels. Greece has been told to stop fighting its creditors demands, and the imf is talking about major differences between them and the greek delegation. We have some great guests who will be able to add to the conversation about greece. We are also going to be talking about tennis, because ....
Concern over the greek debt crisis. We are seeing a go for safety in the bond markets. We are seeing money moving into japan and germany. Meanwhile, money coming out of italy and spain. Is it because we saw an injection of supply into the markets yesterday. Money coming out of spain. Interesting the desk interestingly though, greek has started coming down again. Still, not a sudden run for the asks it sudden run for the exit. But is have a look at the s p market. Not one of them is more expensive than the ferrari. They make seats for the airplanes. The delays continue. They have been hit by strikes. Jpmorgan saying look the french are opening a criminal investigation into the crash and the french alps. With tons of says they do not know anything about it. Jonathan the dax off let us get out to asia. Sherry, a volatile week. Shery asian stocks rebounding. These last days erasing the kleins. Still on a erasing the kleindeclines. Stocks ending the week lower by 2 10 of a percent. Leaving ....
Bloombergs European Headquarters in london. Our top story today, twitter Ceo Dick Costolo paying the price for the social Media Services lack of user growth. Costolo will step down and jack dorsey will return to take charge temporarily. Caroline, this came really as a surprise. After hours, the share price went up. Caroline they seemed to like it. The share price spiked as much as 13 , all because this man is relinquishing his power. He will step aside on july 1. Hes been there since 2010. He did achieve all that. He took twitter to the market. Sensational valuation. Since then, the share price has more than halved. More than 50 wiped off its valuation. Therefore, he is bowing out. He leaves 60 million stock awards. He does remain on the board. Some of the things, he decided that he wanted to move away from twit ....
Its 6 00 in london. Lets talk about one of the big stories of the morning twitter. Lets bring you the share price. You can see it on the screen beside me. Dick costolo is out as ceo, back comes jack dossey. The man who sent the first ever tweet back in 2006 can he dragged more revenue out of the business . Lets put this in the longterm perspective and show you how the share prices are over a longer time. A longer time period. The expectation was built up around this since november, 2013. The stock closed at 35. 84. Lets move on to talk about Something Else that is greece. It seems that the diplomatic niceties have once of again evaporated in brussels. Greece has been told to stop fighting its creditors demands, and the imf is talking about major differences between them and the greek delegation. We have some great guests who will be able to add to the conversation about greece. We are also going to be talking about tennis, because ....