Twitter COO Anthony Noto departs for SoFi CEO job

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Twitter COO Anthony Noto is leaving the company to become CEO of Sofi, the loan tech company announced on Twitter. Twitter's stock was down over 3% Tuesday morning following the news.

Why it matters: It's a big loss for Twitter. Noto turned Twitter's finances around with the recent live video and video ad push, bringing the company closer to profitability than it has ever been since going public four years ago.