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Twitter loses key exec Anthony Noto, sparking concerns over turnaround


With terrorist recruitment and Russian meddling in the 2016 presidential race in the spotlight, Senate lawmakers grilled executives with Facebook, YouTube and Twitter on their companies efforts to keep America safe.


Noto's departure to Social Finance, known as SoFi, comes as Twitter's turnaround had begun to show hopeful signs, with shares buoyed by analyst upgrades and its October financial report .


He took over as chief operating officer in 2016, playing a key role in developing products and in Twitter's push into live video streaming at a turbulent time for the company.


"The optics of the departure are not good for Twitter at a time when investors have become increasingly optimistic about a turnaround," Stifel analyst Neil Shapiro wrote in a research note.


"We are simply thrilled to have found someone of Anthony’s expertise and knowledge to lead SoFi," said interim CEO Tom Hutton, who also has been serving as its executive chairman.




READ MORE (USA TODAY)


  • SoFi's New CEO Inherits Brand Hurt by Sexual Harassment ScandalBloomberg
  • Twitter COO Noto jumps ship to head online lender SoFiReuters
  • Online Lender SoFi Nabs Twitter Executive Noto as CEOU.S. News & World Report
  • Twitter exec Anthony Noto resigns to become SoFi's new CEOSan Francisco Business Times
  • Twitter COO Anthony Noto's departure ignites concerns about turnaroundSiliconBeat
  • Twitter COO Anthony Noto is leaving to become CEO at SoFiVentureBeat
  • Twitter COO Anthony Noto Steps DownHollywood Reporter
  • Twitter second-in-command leaving for finance startup SoFiPhys.Org
  • Twitter COO Anthony Noto to take the reins at SoFi as CEOInman.com


This post first appeared on The 5th News, please read the originial post: here

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