Confirming
Monday's rumor, moments ago Twitter announced that Anthony Noto
notified the company on January 22, 2018 that he is resigning from
his position as Twitter's #2 executive and Chief Operating Officer
in order to accept the chief executive officer role at another
company. Immediately afterwards,
SoFi announced that Noto will be appointed as the company's CEO, while
Tom Hutton remains chairman.
According
to the press release, Noto's responsibilities will be assumed by
other members of Twitter's leadership team. The lack of a prepared
replacement suggests that Noto's resignation took everyone by
surprise. Matt Derella, Twitter's Vice President of Global Revenue
and Operations, will continue to lead the company's advertising
sales efforts.
Realizing
that it is losing one of its anchor employees, the company
scrambled to put a favorable spin on the departure.
"Anthony
has been an incredible advocate for Twitter and a trusted partner
to me and our leadership team," said Jack Dorsey, Twitter's
CEO. "On behalf of the entire team, I want to thank Anthony
for his passion and his impact, and congratulate him on his new
role."
"Working
at Twitter has been a once in a lifetime opportunity, and I am
immensely proud of our team and the key milestones we achieved
during my time at the company," said Noto. "It has been an
honor to work alongside Jack and contribute to the success of one
of the most impactful platforms in the world. While it's
bittersweet to depart, I have the utmost confidence in Twitter's
future and look forward to watching the wonderful success the team
will continue to achieve."
While
it was already leaked previously, the news has pushed Twitter
stock lower if not drastically so, although it remains to be seen
just how viable Twitter's business model is now that its #2 is out
while the CEO continues to hold 2 full time jobs...
Comments
Bill
of Rights •Jan
23, 2018 9:09 AM Permalink
So
much for the " Its different this time " theory. Silver is
getting pounded...
Laowei
Gweilo Arnold •Jan
23, 2018 9:25 AM Permalink
from
social media to student loans
well,
at least he knows where the money is o.0
TrajanOptimus Laowei
Gweilo •Jan
23, 2018 9:39 AM Permalink
The
only thing keeping Twitter in business is Trump.
When
he goes, Twitter is DONE!
shitshitshit TrajanOptimus •Jan
23, 2018 10:57 AM Permalink
did
this tool vest his options? If so you know
he's up to sumptin
mpnut SickDollar •Jan
23, 2018 9:26 AM Permalink
The
Rat Needs To Spread The Infestation. Perhaps a new
honest social media that needs corrupting and
censoring..