NEW YORK (TheStreet) -- Shares of Twitter (TWTR) - Get Report declined by 0.76% to $14.30 in Thursday's trading session, as top executives Jana Messerschmidt, the head of business development, and Nathan Hubbard, head of media and commerce, plan to resign, sources told Recode.
Twitter has asked just one of its employees to take over both roles following the departures, Recode adds. Ali Jafari, the VP running Twitter's Amplify video advertising business, will take over media, business development and Amplify as one combined entity.
The social network hopes that aligning the three teams will streamline certain projects and partnerships.
Messerschmidt is voluntarily leaving the company, while Hubbard's departures follows BuzzFeed's report yesterday that Twitter has disbanded its commerce team, Recode notes.
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Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Twitter's weaknesses include a generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: TWTR
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.