Shares of Twitter fell after it was reported that its chief operating officer may leave the company for Social Finance, an online lending startup.
Anthony Noto was reported to be in talks with SoFi to join the firm as its CEO.
Twitter has suffered from a wave of management changes as it struggles to bring value to shareholders.
View Twitter’s current stock price moves here.
Shares of Twitter dipped on Monday after it was reported that Twitter’s chief operating officer, Anthony Noto, may leave the company for an offer to become the CEO of Social Finance, or SoFi, an online lending company.
Noto has not yet accepted the offer, though he is likely to make a decision in the coming days, the Wall Street Journal reported.
The San Francisco-based startup has been looking for a new chief executive after its former CEO, Mike Cagney, left in September, following an investigation into sexual harassment in the workplace by former and current employees.
Noto, a Goldman Sachs alum, helped take Twitter public in 2013 before joining the company in 2014 as its chief financial officer. He was later named Twitter’s chief operating officer in 2016.
He was credited for driving Twitter’s live video push, and …read more
Source:: Businessinsider – Technology