What Anthony Noto Out at Twitter Means for Company
Anthony Noto is leaving his post as COO of Twitter to become the CEO of financial technology company, SoFi. BTIG's Managing Director and Analyst Rich Greenfield, and Cheddar Senior Reporter Alex Heath discuss what this means for the future of Twitter.
"What people are missing with the stock drop today is that Noto has really set the company up for the next couple of years," says Greenfield. "He's done a lot of legwork over the last 18 months that really positions Twitter."
Twitter co-founder and CEO Jack Dorsey tweeted on Tuesday, "I'm really sad to see @anthonynoto leave us, but I'm happy for him and really proud of everything he's accomplished at Twitter."
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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In a daring daylight robbery on Sunday, thieves used a basket lift to scale the Louvre’s facade, smash display cases, and steal eight priceless jewels.
The Trump administration has agreed to resume processing student debt cancellations under two key income-driven repayment plans it had previously limited.