Twitter left 4 top Manager after a disastrous 2015

Twitter left 4 top Manager after a disastrous 2015


Moscow. On 25 January. Four top Manager Twitter, which owns the eponymous chain of microblogging, leaving the company trying to restore its position after the fall of the stock price by 55% over the last year.

About layoffs in the leadership of said CEO of Twitter Jack Dorsey. Including the company abandoned the head of the engineering Department Alex Ritter and Director of product Kevin Weil.

The dismissal followed the failure of management to stop the decline in the growth rate in the number of new users.

At the same time, as informs Agency Bloomberg, the company management has added two new employees, which, as we hope Twitter will help to attract more new users.

These changes were the most extensive since the moment that Dorsey took over the company in the fall of 2015. In October last year the company announced plans to cut more than 300 employees.

Twitter was founded in 2006. Now the social network is available in more than 35 languages. The number of active users (active accounts at least once a month) is 320 million.

In the third quarter of 2015, the company reduced its net loss by about a quarter. Net loss in July-September amounted to $131,69 million, or 20 cents per share, compared with a loss of $175,464 million, or 29 cents a share, recorded for the same period last year.

Adjusted profit in the last quarter amounted to 10 cents a share vs. 1 cent a year earlier.

Revenues Twitter grew by 58% to $569,237 million from $361,266 million

10 Twitter plans to publish the financial statements for the fourth quarter and 2015.