Twitter CEO takes no salary, but $68,506 in compensation

CEO of Twitter Jack Dorsey.
CEO of Twitter Jack Dorsey.

By IANS

Published: Sun 17 Apr 2016, 12:00 AM

Last updated: Sun 17 Apr 2016, 9:00 AM

Twitter CEO Jack Dorsey did not take salary or stock options since he joined the struggling micro-blogging website last year and received personal and residential security costs totalling $68,506, a media report said on Saturday.
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 per cent in extended trading, Tech Crunch reported, hitting another new low of around $13.75 before flattening out to three per cent in extended trading.
"We saw a decline in monthly active usage in Q4, but we've already seen January monthly actives bounce back to Q3 levels. We're confident that, with disciplined execution, this growth trend will continue over time," the company said in its earning statement.




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