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| Twitter's new CEO wants the company to move faster |
Parag Agrawal, the new CEO of Twitter, explained that social media is expected to grow much faster than in the past.
Since co-founder Jack Dorsey (Jack Dorsey) took over Twitter, Agrawal has made his public debut, saying his top priority is improving implementation and making Twitter easier to engage with.
Ahead of his remarks at last year's Barclays tech conference, investor Elliott Management shook Twitter's board and forced Dorsey to step down from her part-time leadership role. Dorsey is still CEO of Block (formerly Square).
Although Agrawal only served as CEO of Twitter for 9 days, he has already made major reshuffles in senior positions.
He restructured the business according to the core pillars of consumer, revenue and technology core, each with a CEO. Now he said, "I think this change moves you forward quickly."
As part of the move, the two executives who previously reported for Dorsey -- chief engineering officer Michael Montano and chief design and research chief Dantley Davis -- plan to leave the company at the end of December.
Agrawal said we previously worked in a functional structure with an engineering organization, a design research organization, and a product team. This means that the configuration slows down the work.
Along with the three new CEOs - Cayvonne Bikbor, Bruce Falk and Nick Caldwell, Lindsay Iannucci has been named Vice President of Operations.
According to Agrawal, Iannucci has helped us improve the operational accuracy of this new architecture for faster decisions, clearer accountability, more accountability and improved operations, resulting in faster overall implementation and better results.
Parag Agrawal focuses on improving Twitter implementation
In the nearly 30-minute interview, his focus on speed was a recurring topic. He explained how he focused on rebuilding the company's legacy technology portfolio before becoming CTO. The goal is to get products to market faster.
He acknowledged that the pace of decision-making had slowed down because a great deal of coordination was needed between teams to implement the changes.
His comments directly confirm that Twitter has not lived up to investor expectations since its inception. Over the years, the company has made slow progress in dealing with changing user behavior.
When asked about Twitter's acquisition of the messaging app Quill, Agrawal cited direct messages as the product's primary bet. Since direct messages are delayed for a long time, that's a good thing.
The prospects for direct information are key, he said. This is a way to contact anyone in the world and wait for their response.