Twitter COO Anthony Noto is stepping down to take the top job at SoFi, a personal finance start-up. Effective March 1st, Noto will become CEO at SoFi, and Twitter's COO role will be filled by “other members of Twitter’s leadership team,” according to the company. Twitter shares tumbled following the announcement.
Netflix posts a record-breaking Q4, adding more than 8 million subscribers worldwide. The earnings report painted a picture of a very successful 2017, with plans to invest much more next year. The streaming company credits its growth to an increase in original content.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.