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By Saqib Iqbal Ahmed NEW YORK (Reuters) – Dick Costolo's decision to step down as Twitter Inc's chief executive last week failed to stem the weeks-long slide in the company's shares, but options traders appear to be betting on a near-term rebound. The stock has shed more than a third of its value since Twitter reported first-quarter results in April. On June 11, Costolo said he would resign as CEO under pressure from investors frustrated by the microblogging company's slow growth, but the move failed to prop up Twitter's shares.

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By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Twitter Inc Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors. Costolo will be replaced by co-founder Jack Dorsey on an interim basis. According to a source familiar with the matter, it was Costolo's decision to leave, and Costolo said he brought it up with the board last year as it began talking about succession planning.