Jessica Verrilli Comes Back To Twitter To Fill Key M&A Role

0
Jessica Verrilli Comes Back To Twitter To Fill Key M&A Role
ElisaRiva / Pixabay

Twitter hired a new person for its mergers and acquisitions team on Thursday, and many at Twitter are already familiar with her. She is none other than Jessica Verrilli, who had worked for Twitter’s corporate development team for a long time and left in May for a short stint at Google Ventures.

Is Dorsey credited for Verrilli’s return?

Verrilli will return to the micro-blogging company as Senior Director of Corp Development & Strategy and will be responsible for overseeing the company’s mergers & acquisitions. Twitter’s M&A department had Rishi Garg as its head , but he quit in June. Garg joined Twitter a year ago from Dorsey’s other company, Square. According to a Twitter spokesperson, that position is still vacant.

Crypto Hedge Fund Three Arrows Blows Up, Others Could Follow

CryptoA few years ago, crypto hedge funds were all the rage. As cryptocurrencies rose in value, hundreds of hedge funds specializing in digital assets launched to try and capitalize on investor demand. Some of these funds recorded double-digit gains in 2020 and 2021 as cryptocurrencies surged in value. However, this year, cryptocurrencies have been under Read More

Jack Dorsey’s appointment as CEO is believed to have played a major role in Verrilli’s return. “@Jack, @AdamBain and @AnthonyNoto are leading by example. The *entire* team is setting a new course the world is only beginning to see,” Verrilli tweeted.

To Google Ventures, she said, “…thank you. You’ve built an amazing firm. Your understanding says it all.” Her LinkedIn profile has no entry for Google Ventures, but she is listed as an “Investment Partner” at the firm. Google Ventures takes a hit from her departure, but its impact cannot be estimated for now. It can be assumed that Google Ventures does have a succession plan in place.

“Totally get + respect your founder/co. loyalty! Wishing you our very best as you help drive the future of @twitter!” said GV Managing Partner David Krane,

Verrilli’s return a positive for Twitter

Twitter was very active as a buyer for the first part of the year while Garg was there, but it has not made any major acquisition since acquiring Whetlab in June. Verrilli played an important role in Twitter’s acquisition of Periscope, which is an important part of  thecompany’s video strategy, says a report from Re/code, which cites unnamed sources. She also helped in bringing Vine and the India-based ZipDial into the fold.

The return of a crucial employee is an indication that the company is on the upswing. The micro-blogging firm has been struggling with flattening user growth for some time and needs to find a solution to acquire more users. During the company’s latest earnings call, Dorsey mentioned that the y are looking for talent to hire, regardless of the recent streamlining it did via layoffs.

Updated on

Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@wordpress-785388-2679526.cloudwaysapps.com
Previous article A Better Bond Strategies Blueprint?
Next article China’s Baidu Reports 3Q Revenues Up, Profits Down

No posts to display