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Friday, 13 June 2014

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Twitter Rises 3.5% In Down Market As COO Exits


Rumors of an imminent management shakeup at Twitter became a reality today as the company’s COO Ali Rowghani departed that role.
In a down market, Twitter rose 3.5 percent in regular trading, and is up a fraction after-hours. The major indexes slipped more than 0.6 percent apiece.
Given the general dearth of news surrounding Twitter at the moment, it is not overly bold to ascribe at least a portion of its momentum today to the departure of Rowghani. User growth under his tenure has been infamously slack, causing Twitter to dip steeply following both of its public earnings reports to date.
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