Jack Dorsey Chairman after Dick Costolo replaced Williams as the CEO. On June 10, 2015, Costolo announced that he was resigning as CEO of Twitter, effective July 1, 2015. Dorsey would assume the post of Interim CEO upon Costolo's departure. He was named permanent CEO of Twitter on October 5, 2015. On the day after the controversy about Twitter's new algorithms for tweets, Dorsey responded to the trend, saying it was only a hoax. In May 2016, Dorsey announced that Twitter would not count photos and links in the 140-character limit to free up more space for text. This move was an
Toy Biz Toy Biz in 1997, and in June 1998, Toy Biz and Marvel Entertainment Group were merged to create Marvel Enterprises, to bring Marvel out of bankruptcy. Toy Biz became a division of the new company. In 1999, Toy Biz ventured into professional wrestling. The World Wrestling Federation (WWF) was quickly becoming one of the highest grossing licenses at toy retail, leading Toy Biz to acquire the master toy license of America's second largest wrestling promotion, World Championship Wrestling (WCW). After two years, the license deal was cut short, due to WCW being purchased by the WWF in 2001. In 2001,