In a program on Bloomberg, Redpoint Ventures’ Ryan Sarver and Bloomberg’s Sarah Frier discussed about latest management shakeup in Twitter Inc (NYSE:TWTR). Sarver said that there is a misreporting about Twitter Inc (NYSE:TWTR)’s management change in the recent days. According to reports, Kevin Weil has been appointed as products head by Twitter Inc (NYSE:TWTR). Daniel Graf who has been working in products division has been moved into projects job.
Weil has experience in the revenue department of Twitter Inc (NYSE:TWTR) as well. Sarver said that Twitter wants to streamline its revenue with products and this is the reason why Kevin has been appointed. Kevin is a long term employee at Twitter. Daniel has a great track record of running consumer products, according to Sarver. He thinks that there is no tussle between the two employees of Twitter Inc (NYSE:TWTR). The company’s top management is acceding to the demands of the industry. Weil on the other hand has colossal experience in product revenue department. He started his career as a data scientist. He also built the revenue stream from scratch.
Twitter Inc (NYSE:TWTR) recently lost two of its most important engineers. Frier thinks that Twitter’s image is being maligned in the market and the investors and experts don’t like surprises when it comes to the management chances. Had Twitter Inc (NYSE:TWTR) made an announcement at the start of the year about these changes, there would have been no embarrassment. But leaving of Ali Roghani, CFO, engineers and staff from Twitter Inc (NYSE:TWTR) are depicting some red flags and relentless environment inside the company.
Sarver disagreed to then notion that Twitter Inc (NYSE:TWTR) must inculcate the market sentiments while making any management chances. He thinks that the vital aspect for Twitter is to get their team right.
John Thaler’s Jat Capital Management owns about 7.33 million shares of Twitter Inc (NYSE:TWTR).