Twitter’s (NYSE: TWTR) team continues to disassemble. On Friday, Rishi Garg, the Vice President for Corporate Development and Strategy at Twitter, announced that he is leaving the company. Rishi Garg was with Twitter for 13 month, and his team was responsible for managing several merger and acquisition deals.
Rishi Garg’s decision was announced only two weeks after Dick Costolo announced he was departing the company the company as a CEO, and replaced by co founder Jack Dorsey.
Rishi Garg said, "Our team has built a stronger Twitter with a dozen acquisitions in the last year. Hats off to @dickc for admirable leadership, humor, energy, and trust,"
Among the acquisition deals Rishi Garg was managing are Periscope – a live video product valued at estimated $100 million, and Niche - a social advertisement company valued at was about $50 million. Both acquisitions were meant to help monetize Twitter’s platform more efficiently as well as to provide a more versatile content to users.
This is the second departure from Twitter’s Merger and Acquisition team, after the director of the team, Jessica Verilli, left the company last month for a position at Google (NASDAQ: GOOG).
The stock of Twitter fell more than 30% after a terrible earnings report published in the end of April and hasn’t recovered since.