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Mass exodus of Twitter executives begins as stock continues to plummet

By midian182 ยท 19 replies
Jan 25, 2016
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  1. Things appear to be going from bad to worse for Twitter. Two weeks ago, the company’s ever decreasing share price hit its lowest-ever point of $15.52, and now that share price is in danger of falling again after the departure of five senior executives over the last two days.

    CEO Jack Dorsey confirmed that senior vice-president of engineering Alex Roetter, vice-president of global media Katie Jacobs Stanton, HR vice-president Skip Schipper and senior vice-president Kevin Weil are all leaving the company.

    Stanton says that she’ll be taking some time off to be with her kids and, amongst other things, help Hilary Clinton become president. Both Roetter and Weil said that they would also be spending more time with their families.

    It’s also just been revealed that the general manager for Twitter’s video-sharing service Vine, Jason Toff, has left to join Google. Toff, who has served as GM of Vine for the past two years, is heading to Google to work on the “exciting potential” of virtual reality applications.

    Re/code has reported that while some of the execs left by choice others were asked to resign. The site also claims that more departures are likely to follow, naming business development leader Jana Messerschmidt as another exec who may leave in the coming months.

    Dorsey took to Twitter in an attempt to reassure both staff and investors that everything is well within the company. He said that Cheif Operating Officer Adam Bain would now be taking on additional responsibilities, including “revenue-related production teams,” media and HR. CTO Adam Messinger, meanwhile, will be heading up engineering, consumer product, design and research, user services and Twitter mobile development platform Fabric.

    “I’m sad to announce that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil have chosen to leave the company. Alex and Kevin, both here over five years, scaled the ads product and engineering teams,” Dorsey said, failing to mention Toff in his tweet. “[They] have run all of product and engineering together for the last 18 months, helping to drive an increased pace of execution.

    “Katie, also here over five years, has grown a global team that brings the world’s best, most engaging, and most powerful content onto our services.”

    Twitter is expected to bring in a new CMO (thought to be Leslie Berland, current EVP of global advertising, marketing and digital partnerships at American Express) and a much-needed head of PR. New board members are also expected to replace those that have left.

    Despite Dorsey’s words of assurance, this is another blow in what’s been a bad 12 months for Twitter. The site has introduced several new features in 2015 to try to revive its stagnating number of new signups, but many did nothing more than alienate current users. With its stock now less than half the company’s original share price ($44.94 after its first day of trading), many speculate that the company might become a takeover target.

    Permalink to story.

    Last edited by a moderator: Jan 25, 2016
  2. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,286

    Tough. Everything comes and goes but that bird who's leaving to help Clinton help herself to the presidency is probably better off staying where she is.
  3. Everybody repeat after me: Not. A viable. Product.

    She's doing it to network. That's the only reason you'd jump from one failing entity to another.
  4. We all may say "failing", but in reality its been proven the past few times that the popular vote can lose; and the one few want can win...somehow. That's why the Electoral College will never go away - so that each individual vote won't count.

    Can you imagine if every vote counted!??
  5. Uncle Al

    Uncle Al TS Evangelist Posts: 5,145   +3,567

    Never was a fan and never will be ....
    DaveBG and seefizzle like this.
  6. captaincranky

    captaincranky TechSpot Addict Posts: 14,687   +3,846

    Yeah, if somebody starts a, "Democrats for Trump PAC", I'm quite likely to join it.

    Should I have "tweeted" that, or is it alright that I posted it here...? :D:confused:
  7. seefizzle

    seefizzle TS Evangelist Posts: 413   +287

    rondean2000 likes this.
  8. DaveBG

    DaveBG TS Maniac Posts: 403   +152

    Who cares. I use twitter only with fake account to register on sites that require login anyway. So far have created more than 20 fakes that do not even have the e-mail confirmed :D
  9. captaincranky

    captaincranky TechSpot Addict Posts: 14,687   +3,846

    So should we assume you've logged in here under those pretenses? Hey, that's a fair question...:p
  10. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,286

    Not a big Clinton fan then? I dunno. I'm clueless when it comes to American politics and politicians. Personally I couldn't care less who next puts their shoes under the bed in the Whitehouse master bedroom.
  11. captaincranky

    captaincranky TechSpot Addict Posts: 14,687   +3,846

    Male politicians lie in a credible tone of voice. Female politicians nag when they're lying. Being nagged annoys the hell out of me.

    As far as Donald Trump being president, if or when that happens, I'll know the prophesies in the movie, "Idiocracy" have come to pass..

    There's not much to know about US politics. You get sold one package of crap by the Republicans. (God, apple pie, and the most *****ic and socially destructive plank of their platform, "right to life").

    The democrats simply want to tax the rich, and get more votes by giving vast amounts of money to a segment of the population we'd be better off without.

    It's a sales effort, plain and simple. For example, out current president didn't feel it "incumbent" upon himself to finish his term as junior senator from Illinois, before he rammed himself down our throats as a candidate for president. So much for earning his credentials.. Before that it was,"my daddy was president, so I should get a turn at being president too".:eek: Look how well that turned out.

    So, there's nothing to understand really, other than money buys propaganda, and propaganda sways votes

    There is a bit of a hook though. Which is, the candidates offered to us have so little to recommend themselves, you wind up never voting "for" someone, just against them..:D
    Skidmarksdeluxe likes this.
  12. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,286

    OK, so it works just like anywhere else in so called "democratic" countries.
    captaincranky likes this.
  13. amghwk

    amghwk TS Guru Posts: 489   +302

    I'd say it's about time. Never liked twitter and the eye-sore hashtags...
  14. #AboutTime
    captaincranky likes this.
  15. captaincranky

    captaincranky TechSpot Addict Posts: 14,687   +3,846

    Well yes, but you do know how I like to run on....:D
    Skidmarksdeluxe likes this.
  16. Skidmarksdeluxe

    Skidmarksdeluxe TS Evangelist Posts: 8,647   +3,286

    Oh! I haven't noticed. ;)
  17. Chemicalist

    Chemicalist TS Rookie

    Say hello to the Philippines!
  18. captaincranky

    captaincranky TechSpot Addict Posts: 14,687   +3,846

  19. HiImTim

    HiImTim TS Enthusiast Posts: 37   +11

    So you are saying there a few job openings.... great!
  20. Chemicalist

    Chemicalist TS Rookie

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