Management at Twitter Inc got its feathers rustled because of the release of the book "Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal" published last week. Prior to the book being published, an early teaser about the book was previewed via an editorial in the New York Times
Author Nick Bilton's claims against current Twitter Chairman Jack Dorsey, in particular on how he had orchestrated the ouster of co-founder Noah Glass, had its publicists attempted to smooth out perceptions about the microblogging company founders' story. A profile story about Dorsey was published in the newsmagazine The New Yorker. The New Yorker story was written five days after the New York Post editorial.
The story disclosed that it was ultimately chief executive Evan Williams's decision to let Glass go. Glass was difficult to work with reportedly because he was going through a divorce at that time. The New Yorker story also said Dorsay had expressed his sentiment about working with Glass at that time, and Williams took that into account.
Twitter's upcoming public listing had some banks arranged special deals for the Internet company's preparations. Twitter would be nearing completion of a USD1 billion credit facility line. Managing banks had agreed to be paid 3.25% of the IPO proceeds, a reportedly miniscule fee compared to other high-profile IPOs like Facebook's.
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