Twitter Stock Rallies on CEO Resignation Rumor

Twitter Stock Rallies on CEO Resignation Rumor

Twitter shares closed up almost four percent yesterday after rumours began to circulate that Dick Costolo, the company’s chief executive, might be stepping down.

This was followed by a statement from a leading analyst that there’s a “good chance” Costolo won’t be leading Twitter’s charge for much longer.

While speaking to CNBC yesterday, Sun Trust analyst Robert Peck said that Costolo’s future with the company is in doubt.

“We think there’s a good chance he’s not there within a year,” said Peck.

While

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