2 More Execs Exit Twitter

Another day, another management shakeup at Twitter. Jeremy Gordon, head of product engineering at the microblogging giant, is out, along with analytics head Adam Kinney.

“It's been an amazing two years @twitter,” Gordon tweeted on Wednesday following a report by CNBC.

Following suit, Kinney tweeted: “Thank you @twitter for the most amazing 4 years of my career!”

The departures come just days after CEO Dick Costolo expressed his displeasure with the pace of innovation at Twitter. While insisting that the company remains on the right track, Costolo told analysts on Monday that it is “more critical than ever that we increase the pace of [product and idea] execution.”

The comment came during an earnings call on which Twitter revealed user growth -- and a fourth-quarter revenue forecast of $440 to $450 million -- that fell short of analysts’ hopes.

In line with analysts’ expectations, Twitter said it saw revenue rise to $361 million in the third quarter -- up 114% year-over-year. During the quarter, Twitter recorded 284 million average monthly active users (MAUs), which represented an increase of 23% year-over-year, but just 5% quarter-over-quarter.

Timeline views reached 181 billion during the quarter -- an increase of 14% year-over-year. Stateside, however, Timeline views per monthly active user actually fell from 793 to 774, quarter-over-quarter.

Even by tech industry standards, Twitter’s recent management shifts have been hard to follow.  

Just weeks ago, Vivian Schiller relinquished her post as head of news and journalism partnerships after less than a year on the job. On the developer side, Twitter Engineering Senior Vice President Chris Fry departed in May. Also this year, Chloe Sladden resigned as head of media at Twitter, and not long after COO Ali Rowghani and CFO Mike Gupta both left the company.

Despite strong ad revenue, some Twitter watchers don’t like the way the company is being managed. Venture capitalist Peter Thiel recently made headlines after calling Twitter “a horribly mismanaged company” -- and with “probably a lot of pot-smoking going on there.”

“It's such a solid franchise, it may even work with all that,” the early Facebook investor said during a televised “Squawk Box” interview last month.

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