Twitter CEO Jack Dorsey did not take a salary or stock options since he joined the struggling micro-blogging website last year
and received personal and residential security costs totaling $68,506, as per media reports.
His predecessor Dick Costolo was awarded a total of $91,795, which included a monthly salary of $7,162, car service and security
costs, The Wall Street Journal reported.
According to the micro-blogging website, it now has more than 300 million active users, far less when compared with Facebook’s 1.5 billion
users making it more popular, faster, and the choice of more marketers.
Twitter reported 305 million monthly active users for the fourth quarter this year, compared to 307 million in the third quarter that
excluded SMS-only followers.
The almost-flat user growth led to its shares falling as much as 13 percent in extended trading, Tech Crunch reported, hitting another
new low of around $13.75 before flattening out to 3 percent in extended trading.
Dorsey has said the micro-blogging platform will stay true to its original values – “It’s breaking news, but you can actually interact with the newsmakers,” he said.
In an attempt to bring tweets to more people across the globe, Twitter is planning to introduce an algorithmic timeline like Facebook. The timeline will reorder tweets based on what Twitter’s algorithm thinks people most want to see.
The home timeline will be rolled out to people across 23 countries, including India, who visit Twitter homepage on their mobile devices. The micro-blogging site has been looking for ways to elevate popular content for quite some time.
An algorithmic feed would be, to date, the boldest change so far under Jack Dorsey, who took the reins of Twitter as new CEO in October last year, analysts maintain.