Twitter is in the news for two different, but possibly related stories. First, sources are reporting that the network is close to “completing an $800 million funding deal that will include a second part in which around $400 million of the total will be used to cash out current investors and also employees.”
Second, TechCrunch is reporting that four of the companies key product managers have been let go. TechCrunch sees it as the final stage of cleaning out those loyal to the old regime, but it does seem like an odd time to give that many top people the boot.
In recent months, Twitter has been on an upswing with new advertising programs and a new design. Kicking out the key people who made it so, just before a round of new funding feels weird. Is Twitter planning some radical change in the near future, like upping the character count to an even 200!
Comments on the news range from, “bad move on Twitter’s part,” to “yes, they need a fresh perspective.” The best comment comes from George who says, “Quick! Everyone head over to Google+ and discuss this!”
What do you think? Does this signal a major change at Twitter or will it be business as usual again by Monday morning?