By Me Last Week: Twitter to Beef up Singapore Office

The story, which ran on Thursday, began:

Twitter Inc. plans to double its staff in Singapore over the next two years as it seeks to lure new users and advertisers in Asia, an executive said.

Shailesh Rao, Twitter’s vice president for Asia Pacific, the Americas and emerging markets, told The Wall Street Journal in an interview Wednesday that the company will hire more than 100 new staff in Singapore, doubling its current workforce of about 80 employees. Twitter opened a small office in Singapore in 2013 and in recent weeks has moved to a larger space, which has now become the company’s Asia-Pacific headquarters.

“We need more capabilities and more people doing what they’re doing already,” in jobs such as sales, marketing, finance and more, Mr. Rao said.

Twitter is focusing on fast-growing Asian countries like India and Indonesia as it seeks to attract new users and advertising dollars, analysts say. The company, which derives most of its revenue from advertising, is looking for a boost from such emerging markets as user growth levels off in developed markets like the U.S. and the U.K.

Meanwhile, the big story on Friday was that Chief Executive Dick Costolo is stepping down. Here are the first few grafs of my colleague Yoree Koh’s story:

Dick Costolo is stepping down as Twitter Inc.’s chief executive after five years, as Wall Street began losing faith in him and the social-media company’s future growth.

The move puts a spotlight back on co-founder and Chairman Jack Dorsey, who will serve as interim CEO while he remains chief executive of payments startup Square Inc. Mr. Dorsey was Twitter’s first CEO from May 2007 to October 2008.

Twitter said it would be looking both inside and outside the company for a new chief.

Stay tuned for more.

Published by Newley

Hi. I'm Newley Purnell. I cover technology and business for The Wall Street Journal. I use this site to share my stories and often blog about the books I'm reading, tech trends, sports, travel, and our dog Ginger. For updates, get my weekly email newsletter.

Leave a comment

Your email address will not be published. Required fields are marked *