Big loss to Twitter , company’s Chief Operating Officer Adam Bain quits
San Francisco, Nov 10 : In a big loss to Twitter, the company’s Chief Operating Officer (COO) Adam Bain who was in charge of the micro-blogging website’s revenue business, has decided to leave the company.
According to a company filing, Chief Financial Officer Anthony Noto will take over as COO.
“After six years and a once-in-a-lifetime run, I let CEO Jack (Dorsey) know that I am ready to change gears and do something new outside the company,” Bain tweeted.
After 6 years and a once-in-a-lifetime run, I let Jack know that I am ready to change gears and do something new outside the company.
— adam bain (@adambain) November 9, 2016
Bain will “will remain at Twitter in the coming weeks” to help transition his job responsibilities to Noto, Re/Code reported on Thursday.
Bain has been credited with building Twitter’s entire multi-billion dollar advertising business.
“We took the company from $0 to billions faster than almost anyone’s ever done it. We diversified the business, took it global,” Bain tweeted.
We took the company from $0 to Billions faster than almost anyone’s ever done it. We diversified the business, took it global.
— adam bain (@adambain) November 9, 2016
Noto will continue to run Twitter’s live video efforts and will take over all revenue, sales, global partnerships and business development.
Twitter is going through a major overhaul under Dorsey as many top-notch executives have quit the company in the recent past.
As of the third quarter of 2016, the microblogging service averaged at 317 million monthly active users.
–IANS
