That’s because most of Twitter is doing just fine. Ad sales have been rising smartly, deals with big ad players signed with regularity and even the service’s unreliable technical platform has stabilized (for the most part — there was an outage last week). But the real problem at Twitter is that user growth and engagement have stagnated.
Far more people have tried Twitter and abandon it than currently use the service on a regular basis. And thanks to early comparison to Facebook (FB) and its 1.5 billion users, Twitter’s 320 million active users remain quite the disappointment.
Dorsey announced the execs departure but did not name replacements.
“I’m sad to announce that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil have chosen to leave the company,” Dorsey wrote. “All four will be taking some well-deserved time off. I’m personally grateful to each of them for everything they’ve contributed to Twitter and out purpose in the world.”
All of the functions were redistributed to two of the top remaining executives, chief operating officer Adam Bain and chief technology officer Adam Messinger, but Dorsey will likely be appointing new recruits to fill the old jobs shortly.