Twitter replaces chief financial officer

July 1, 2014
The logo of social networking website Twitter is displayed on a computer screen in London, September 11, 2013

Twitter replaced its chief financial officer Tuesday 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.

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.

Explore further: Twitter COO Ali Rowghani resigns (Update)

Related Stories

Twitter COO Ali Rowghani resigns (Update)

June 12, 2014

Twitter's chief operating officer, Ali Rowghani, has resigned from his post and won't be replaced as CEO Dick Costolo seeks more direct involvement with the company's engineering and product teams.

Tableau Software soars in trading debut

May 17, 2013

(AP)—Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.

Twitter founders, CEO to keep shares after 'lockup'

April 14, 2014

Twitter co-founders Jack Dorsey and Evan Williams and chief executive Dick Costolo have no short-term plans to sell their shares in the social network, according to documents released Monday.

Zynga holders plan to sell up to $400M in stock

March 14, 2012

Zynga shareholders may sell up to $400 million of stock through a public offering, three months after the online game maker went public, to try to avoid a drop in its stock price.

Recommended for you

US faces moment of truth on 'net neutrality'

December 14, 2017

The acrimonious battle over "net neutrality" in America comes to a head Thursday with a US agency set to vote to roll back rules enacted two years earlier aimed at preventing a "two-speed" internet.

The wet road to fast and stable batteries

December 14, 2017

An international team of scientists—including several researchers from the U.S. Department of Energy's (DOE) Argonne National Laboratory—has discovered an anode battery material with superfast charging and stable operation ...

FCC votes along party lines to end 'net neutrality' (Update)

December 14, 2017

The Federal Communications Commission repealed the Obama-era "net neutrality" rules Thursday, giving internet service providers like Verizon, Comcast and AT&T a free hand to slow or block websites and apps as they see fit ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.