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Investors, already souring on Twitter's stalling user growth and looking for safer investments in this year's brutal stock market, sent the company's stock down as much as 6% in early trading Monday, briefly shaving hundreds of millions off the company's market value.Īnalysts have already been sharpening their knives- and their sarcasm - for the company's challenges. Twitter's new leadership org chart Credit: Mashable That said, the sudden and collective departure of nearly half of Twitter's top executive team, forced or not, without permanent leadership named to replace them only adds to doubts inside and outside the company about the timing and chances of Dorsey pulling off a meaningful turnaround. In other words, not only is Twitter attempting a turnaround, but Wall Street has also called open season on the company, repeatedly driving the stock to new lows.Ī certain amount of restructuring is inevitable when a new CEO takes over. One analyst, Trip Chowdhry of Global Equities Research, bluntly called Twitter 'total junk' today. One thing you should know: it's all uphill from here. The effect is nearly the same: Twitter is going back to the drawing board again, both with its leadership structure and perhaps, if you read the tea leaves, the innovative products like Moments that were once hoped to be its salvation. It marks the largest executive exodus of Dorsey's tenure.ĭorsey said the executives jumped ship other sources close to the company have suggested at least some were pushed off by the CEO. On Sunday, barely three months later, Dorsey announced that two of the Twitter executives in charge of Moments - product chief Kevin Weil and global media head Katie Stanton - would be leaving the company, along with two other top executives. Later, he added: 'Moments is one of those bold new experiences that I think does question a bunch of our fundamentals around making Twitter a whole lot easier to understand.' 'Moments represents a real fundamental shift in our thinking,” Dorsey said at one point on a conference call with analysts. In late October, after his first full quarter running Twitter as CEO, Jack Dorsey and his executive team just couldn't shut up about Twitter Moments, a new curation tool intended to make the long struggling social network more appealing to new users. Twitter and Square CEO Jack Dorsey is interviewed on the floor of the New York Stock Exchange, Thursday, Nov.

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