Connect with us

Latest News

Ex Goldman Sachs Banker Ned Segal Named New Twitter CFO

Published

on

chief financial officer of Twitter,Ex Goldman Sachs,Ned Segal,Twitter New CFO,Twitter CEO,inspirational stories,India Business News 2017,startup stories,startup stories india

Former Goldman and Sachs investment banker Ned Segal has been named as the new chief financial officer of Twitter. Segal worked as the CFO for patent risk management company RPX and as the senior vice president of finance at Intuit after working at Goldman and Sachs for 17 years.

Speaking about his latest appointment, Ned took to Twitter and said he was excited to work with Jack Dorsey and the awesome leadership team.


CNET on Tuesday reported the move comes as an effort to renew interest in the microblogging site which still lags in terms of profitability and size when compared with rival Facebook Inc. Dorsey called Segal an ideal fit for Twitter as they work to extend positive momentum, continue growing their audience and achieve greater operating efficiency.

The company’s chief operating officer Anthony Noto was doubling as the chief financial officer since late August 2017. Twitter has been looking for a CFO since Adam Bain quit in November last year. According to CEO Jack Dorsey, Ned Segal with a track record of driving profitable growth brings a principled, engaging and rigorous approach to the CFO role.

Twitter reported a better than expected user growth in April and saw a 3% rise in shares on Monday, before the announcement. According to the securities filing, Segal is entitled to receive a signing bonus of $ 300,000 with an annual salary of $ 500,000.

Segal is also eligible to receive 794, 444 shares of Twitter common stock to vest over four years and 372, 223 performance based restricted stock units that will be vested based on hitting certain performance targets over next four fiscal years.

The financial results of Twitter for the second quarter of 2017 are scheduled to be reported on July 27. This microblogging social networking startup has never posted a net profit on a generally accepted accounting principles (GAAP) basis since its launch in 2006.

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Cmkmzfcj

    May 25, 2025 at 4:46 pm

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino slot machine.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

Published

on

Jio-Financial

Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

Continue Reading

Latest News

CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

Published

on

BharatGPT

CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

Continue Reading

Latest News

Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

Published

on

Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

Continue Reading
Advertisement

Recent Posts

Advertisement