Twitter Splits Former COO’s Duties Between Two Executives
Twitter Inc split the roles of recently departed chief operating officer, Ali Rowghani, at a time when the microblogging site is seeking to revive slowing user growth. According to their latest Twitter profiles, Adam Bain is in charge of revenue and partnerships while Gabriel Stricker is responsible for marketing and media. The social media company’s web site shows Bain’s role as president of global revenue, while Stricker is vice president of marketing and communications. Rowghani, once seen as an influential No. 2 who oversaw Twitter’s product development, finances and deal making, departed after clashing with Chief Executive Dick Costolo over whether he should continue to oversee product innovation.A second consecutive quarter of lackluster user growth by Twitter is testing the patience of investors. Twitter also raised concerns by saying its 255 million monthly users appeared to be checking the service less frequently than a year ago. Twitter shares, which closed at $38.90 on the New York Stock Exchange on Thursday, have lost about 42 percent of their value since the beginning of the year.
“Twitter Splits Former COO’s Duties Between Two Executives” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.