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 2005, Marvel Enterprises was renamed to Marvel Entertainment, and Toy Biz began to replace "Toy Biz" with "Marvel Toys" on some of its figure lines to reflect the name change. Due to Marvel Entertainment's bankruptcy, Hasbro purchased the rights to the master toy licence for Marvel owned characters, with the first products releasing in January 2007. Marvel Toys would attempt to survive with non-Marvel owned characters throughout 2007, though the website for Marvel Toys became inactive in late 2007, effectively marking the demise of the subsidiary. The original forerunner was a Canadian company, Chantex, Inc., started in the late 1800s.