Twitter chief executive Jack Dorsey has confirmed the exit of a large swathe of the company's leadership team, including product head Kevin Weil and media boss Katie Stanton.
"I'm sad to announce that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil have chosen to leave the company," Dorsey said, I'm personally grateful to each of them for everything they've contributed to Twitter and our purpose in the world. They are phenomenal people!"
There has been speculation Twitter could be bought, and turnover on the board is expected next quarter.
Twitter's stock has lost almost 23 percent in the year to date and is down more than 54 percent on this time a year ago. (52W Range 15.48/53.49 and Week-Volatility 10,52%) Shares TWTR (NYSE) is likely to continue falling, as adjustments can cause only a very strong corporate change.
(source: CNBC)
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.