Twitter shares fall 3% after news of executive departure

Twitter Inc. shares fell 3% Tuesday as Mike Gupta, a senior vice president at the company, was hired as chief financial officer at a startup called Docker. Gupta was the senior vice president of strategic investments at Twitter and ran Twitter Ventures, the company’s venture capital arm. Before that role, Gupta was Twitter’s CFO, leading it through its initial public offering, and worked at Zynga Inc. and Yahoo Inc. Docker is an open source Twitter’s executive team has been through many changes since the company’s November 2013 initial public offering, and the social network’s chief executive search is nearly three months old after CEO Dick Costolo stepped down in June.

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