Why Twitter (TWTR) Stock Is Higher This Morning

NEW YORK (TheStreet) -- Shares of Twitter, Inc. (TWTR) are up 4.39% to $42.77 after the messaging platform company named Anthony Noto, a former Goldman Sachs (GS) banker, chief financial officer, the Financial Times reports.

Noto was Goldman's managing director in the technology, media and telecoms investment banking group, which handled Twitter's initial public offering late last year

The move is part of a board reshuffle designed to allay concerns about slowing user growth, the Times said.

Noto replaces Mike Gupta who will become senior VP of investments within the next month. 

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