Twitter may be amazingly popular, but it’s had major trouble turning a profit. So that’s why it has a new CEO. Co-founder Evan Williams has stepped down after 2 years running the company and will be replaced by the company’s chief operating officer, Dick Costolo. Costolo, 47, may be a better fit within the tech community than Williams who is staying to focus on product strategy. Costolo. He founded RSS service FeedBurner which he sold to Google in 2007 for $100 million. HeW said today in a statement, ”We have awesome stuff in the pipeline, and we’re ready to accomplish more in the next two years than we’ve accomplished in the last four.” But can Twitter monetize its cool factor? Well, the company is next venturing into targeted ads that “find” users based on the words in their tweets.


I’m not sure how Dick is any more of an insider than Evan. Evan was the founder and CEO of Blogger, which he sold to Google for a rumored 50+ million dollars.
It is very shocking that the CEO of Twitter calls it quits all of a sudden, but maybe the business just got to big for him or he didn’t go conform with the new promoted accounts.