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.
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
that it is losing one of its anchor employees, the company
scrambled to put a favorable spin on the departure.
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
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."
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...