Gadgetory

what's old is new again at Twitter the micro-blogging site has named co-founder and former CEO Jack Dorsey as its new CEO to replace dick Costello with Twitter struggling to raise its stock price and grow its user numbers investors are looking for stability Dorsey served as Twitter's first CEO from two thousand six to two thousand eight I think the company and investors are looking for a sense of calm and reassurances the company's going through one of its most tumultuous times and it's not in your history you know stock is hovering near around it its original IPO price of twenty-six dollars and the goal right now is to increase users and make the product more simple to use one of doses biggest challenges will be how to expand Twitter's appeal past celebrities politicians activists and journalists right now twitter has 39 16 million users but that pales in comparison to Facebook's 1.5 billion and instagram has some 300 million so trying to find a way to increase users and also to make the product a little more simpler and easier to use since leaving twitter dorsey founded mobile payment companies square dorsey will now head up both companies in San Francisco Lexus avedis cnet.com for CBS News