Martha Lane Fox joins Twitter board as it continues to struggle

Martha Lane Fox joins Twitter board as it continues to struggle

Johnston, 54 and chief financial officer at PepsiCo Inc, was named to the audit committee.

Twitter executive chairman Omid Kordestani tweeted that he was "thrilled" by the news.

Fox was the co-founder and managing director from 1998 to 2003 of travel and leisure website, and remained on its board of directors until 2005. Peter Chernin and Peter Currie aren't being considered for re-election to the board this year. From October to December, the company had 320 million monthly active users, the same as the third quarter. They noted that Twitter is popular among football fans and the NFL games could boost traffic to its platform and attract more advertisers.

The San Francisco-based company previous year added a "Moments" feature, a tool that bundles video, photos and links to news stories, making it easier for people to find hot topics of discussion without needing to figure out whom to follow to receive updates.

Twitter has also been criticised for the lack of diversity among its management - Ms Lane Fox herself has previously spoken out about it, suggesting that the company would have made more progress on the problem of trolling if more women were involved in designing the site.

The company rehired Dorsey for a second stint as CEO last summer, and he signalled his resolve to make Twitter profitable by laying off 336 employees, or 8 per cent of its workforce.

The stock is down 1.24% or $0.21 after the news, hitting $16.77 per share.

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