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Martha Lane Fox to join Twitter board | Martha Lane Fox to join Twitter board |
(35 minutes later) | |
Digital pioneer Martha Lane Fox has tweeted that she will be joining the board of US-based social network Twitter. | Digital pioneer Martha Lane Fox has tweeted that she will be joining the board of US-based social network Twitter. |
Baroness Lane-Fox tweeted that it would be the "best job ever". | Baroness Lane-Fox tweeted that it would be the "best job ever". |
Twitter has suffered some poor financial results lately, with a quarterly net loss of $90m (£64m) reported in February. | Twitter has suffered some poor financial results lately, with a quarterly net loss of $90m (£64m) reported in February. |
Pepsi chief financial officer Hugh Johnston will also join the social network's board. | |
Baroness Lane-Fox is widely regarded as one of Britain's most successful web pioneers. | Baroness Lane-Fox is widely regarded as one of Britain's most successful web pioneers. |
She was the UK's Digital Champion until 2013, the same year she joined the House of Lords | She was the UK's Digital Champion until 2013, the same year she joined the House of Lords |
She began her digital career with the launch of lastminute.com along with co-founder Brent Hoberman in 1998. | She began her digital career with the launch of lastminute.com along with co-founder Brent Hoberman in 1998. |
By the time they sold it in 2005, the deal valued the company at £577m. | By the time they sold it in 2005, the deal valued the company at £577m. |
Recently, she founded Dot Everyone, a body that champions digital innovation. | Recently, she founded Dot Everyone, a body that champions digital innovation. |
'The Brits are coming' | 'The Brits are coming' |
"I'm absolutely over the moon to be part of the journey of an iconic company that I love using," Baroness Lane-Fox told the BBC. | "I'm absolutely over the moon to be part of the journey of an iconic company that I love using," Baroness Lane-Fox told the BBC. |
"Watch out Silicon Valley - the Brits are coming," she added. | "Watch out Silicon Valley - the Brits are coming," she added. |
It was also announced that Pepsi vice chairman and chief financial officer Hugh Johnston would join Twitter's board. | It was also announced that Pepsi vice chairman and chief financial officer Hugh Johnston would join Twitter's board. |
Twitter executive chairman Omid Kordestani tweeted that he was "thrilled" by the news. | Twitter executive chairman Omid Kordestani tweeted that he was "thrilled" by the news. |
"It's a really interesting appointment," Richard Holway, chairman of the TechMarketView consultancy, told the BBC. | "It's a really interesting appointment," Richard Holway, chairman of the TechMarketView consultancy, told the BBC. |
But he added that in his opinion Twitter faced an uphill struggle when it came to turning the company's fortunes around. | But he added that in his opinion Twitter faced an uphill struggle when it came to turning the company's fortunes around. |
"I think Twitter has huge problems and it will need some pretty major changes in order to make it relevant and, in particular, profitable." | "I think Twitter has huge problems and it will need some pretty major changes in order to make it relevant and, in particular, profitable." |
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