Twitter (TWTR) shares jumped on Monday following news that its CEO could be leaving the company.
Twitter shares were up more than 3% on Monday following speculation by SunTrust analyst Robert Peck on the company. In Peck’s talks about the social media company, he said he wouldn’t be surprised to see Twitter CEO Dick Costolo gone within the next year, reports USA Today.
While speaking of Twitter CEO Dick Costolo, Peck suggested people who could take his place at the company. Included in his list was former Yahoo (YHOO) CEO Ross Levinsohn, who he said would mesh well with current CFO Anthony Noto.TWTR shares closed on Monday at $38.43, USA Today notes.
Business Insider spoke with a shareholder of TWTR stock and they weren’t happy with Costolo. The shareholder commented on the Twitter CEO and said that he shouldn’t be the head of the company anymore.
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