Feeds

Tumultuous Twitter torches top talent, topples COO

Rowghani out as company plans to eliminate exec role

Build a business case: developing custom apps

Twitter has announced that its chief operating officer (COO) will be leaving the company and will not be replaced.

The company issued a 407 character (2.9 Tweet) statement [PDF] to the US Securities and Exchange Commission to inform that Ali Rowghani had resigned from his position and would be moving to an advisory role.

Twitter said that it will not be hiring a replacement, instead handing out Rowghani's former duties to other members of the executive team. Rowghani later confirmed the news with a farewell Tweet to the company.

Rowghani had been with Twitter since 2010. Starting out as chief financial officer, he would move into the COO role in 2012, and was considered to be the second in command at the company behind CEO Dick Costolo. Prior to joining Twitter he worked at Pixar.

The move comes as the profit-impaired Twitter continues to struggle to meet shareholder expectations. In April, the firm irked investors when it reported a net loss of $132m over its last financial quarter. Though revenues are growing, the firm has yet to break out of the red in its quarterly earnings.

As a result, Twitter's stock price has taken a beating in recent months, down 35 per cent since last December. Shortly after the news of Rowghani's departure broke, Twitter stock rose to close out the day up 3.52 per cent.

This has not been an easy week for Twitter by any means. On Wednesday the company's security team was sent scrambling after researchers disclosed a major security flaw in the TweetDeck platform which allowed for cross-site scripting attacks. The move prompted warnings for users to completely disable the TweetDeck platform on their profiles until a fix was deployed later in the day.

The flaw was reported by a 19-year-old Austrian student, who claims to have informed Twitter of the vulnerability but received no response from the company until proof-of-concept code began circulating. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?