Twitter has handed over the responsibility of overseeing all product and engineering behind its live video efforts, such as its NFL livestreams, to Periscope CEO Kayvon Beykpour. This role expansion for Beykpour, who will continue his role of running Periscope, took place at the beginning of this year, according to Recode.
Beykpour’s rising clout inside Twitter
Citing unnamed sources, Recode reports that COO Anthony Noto will continue to ink the company’s streaming deals, but the management of the product side of things will be in the hands of Beykpour. He will report to CEO Jack Dorsey.
Beykpour’s expanded role has many aspects to it. The micro-blogging firm believes that live video will shape its future and wants to give charge of the efforts to a well-respected product executive. Beykpour is just 28 years old and commands great respect among his peers and Twitter insiders.
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Last year, some insiders already started believing that he could have gotten the promotion to take over the core Twitter app, notes Recode. Dorsey trusts that Beykpour will be able to efficiently run Twitter’s live video efforts. This is the reason he was put in charge of what was a huge focus for the company in 2016.
Also the move raises some questions regarding Periscope’s future. Normally, successful standalone products operate like miniature companies with full-time CEOs. Twitter acquired Periscope in 2015, and since then, it has primarily operated this way. Until late last year, Periscope even had an office space of its own.
It is likely that Periscope’s future as a truly standalone entity will come to an end soon, as in December, Periscope made its biggest integration with Twitter, and Beykpour will also focus more on Twitter-specific video efforts, notes Recode.
What to expect in Q4 earnings
Twitter will report its fourth quarter earnings later this week, and as always, it is not expected to get rid of its problem of not being able to make profit in the business of tweets. Wall Street expects the company to make 12 cents per share on a non-GAAP basis. From that perspective, Twitter has been making profits for years now, notes Yahoo.
For the third quarter, Twitter’s non-GAAP earnings came in at 13 cents per share, but its GAAP loss was 15 cents per share. The second quarter results were identical. If Twitter succeeds at hitting fourth quarter expectations, it will represent a 25% decrease in adjusted earnings. The revenue growth will be merely 4.2% to $740.1 million.