Twitter has a new CFO — the former Goldman Sachs exec who led its IPO

Above: The floor of the New York Stock Exchange during Twitter's IPO on Nov. 7, 2013.

Image Credit: Eric Blattberg / VentureBeat

Mike Gupta is no longer Twitter’s chief financial officer.

Twitter announced in a public filing today that former Goldman Sachs executive and NFL CFO Anthony Noto will take over Gupta’s responsibilities. While at Goldman Sachs, Noto played a key role in helping Twitter through its initial public offering.

Gupta will remain at Twitter, Re/Code reports, serving as the company’s SVP of strategic investments. The change was reportedly prompted by internal dissatisfaction with Gupta’s progress in monetizing the social network. In addition, Gupta’s move to unload more than $1 million in stock was reportedly not taken well within the company.

Investors appear happy with the change. Twitter is up 4 percent today following the announcement.


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6 comments
Erik M.C. Peterson
Erik M.C. Peterson

I guess that's one way to make your clients succeed.. especially if you lined your own portfolio with their shares.

Tony King
Tony King

Twitter are desperate then. Listen Twitter, you may not have noticed that text messages exceed 140 characters nowadays. Well they do. So if you want to make money, monetize the characters over the 140 limit. $5.00 a year gets you 240 characters. When you use this, you can contact me about my fee, and it will be a lot cheaper than employing an ex GS suit, who'll try and use 2th Century thinking for 21st Century problems.

Robert Orozco
Robert Orozco

Yes it will, but it needs someone who can better package it's analytics