SAN FRANCISCO
Twitter
has replaced its chief financial officer with a former Goldman Sachs
banker as the popular one-to-many messaging service reshuffled amid
concerns about its ability to grow and prosper.
Anthony
Noto, 46, will replace Mike Gupta, who will become a senior vice
president of strategic investments, according to Twitter.
Noto's
background includes being a managing director of technology, media and
telecom investment banking at Goldman Sachs, which led Twitter's initial
public offering of stock late last year.
INVESTORS CONCERNED
Twitter
made a spectacular Wall Street debut in November, rising from its $26
offering price to more than $70, but has been hurt by concerns about
slowing growth and doubts on profitability.
The San Francisco-based company's shares were trading at $42.36 on Tuesday.
Noto's resume includes a stint as chief financial officer of the National Football League from May of 1999 to 2008.
Noto
is joining Twitter just weeks after the resignation of chief operating
officer Ali Rowghani and amid concern by investors that the service is
not growing quickly enough.
No comments:
Post a Comment