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Asana announces CEO Dustin Moskovitz is retiring, and reports Q4 sales rose 10% YoY to $188.3M, in line with estimates; ASAN drops 25%+

>CEO and Co-founder Dustin Moskovitz to retire. $ASAN: -27% AH [image] Vijar Kohli / @vijarkohli : Dustin Moskovitz is finally retiring. I've used Asana for years. It's actually a great product. The company was founded in 2008 and works well. However it has been a poorly managed public company. Asana has been spending a tremendous on Sales & Marketing and Stock-based [image] Teddy Schleifer / @teddyschleifer : I've probably written more about Dustin Moskovitz than almost any other reporter and I ... still can't tell you much about Asana. 🤡 But I can tell you a lot about Moskovitz's role in Democratic politics and philanthropy! Teddy Schleifer / @teddyschleifer : Dustin Moskovitz, one of the Facebook co-founders and one of the biggest Democratic donors in the country, is stepping down as a public-company CEO. In part to focus more on philanthropy. Dustin is the world's biggest effective-altruist donor. https://investors.asana.com/ ... Josh / @joshuaogundu : Talk about a key man clause Forums: r/business : Asana CEO Dustin Moskovitz announces retirement, stock plummets 25% BeauHD / Slashdot : Asana CEO Announces Retirement, Stock Plummets 25%

CNBC Jonathan Vanian

Discussion

  • @wittywebhandle Blaise Ulysse Bernard Collins on bluesky
    When the PMC class that began at Facebook are cashing out and retiring; you know ‘growth’ is fucking over.
  • @thetranscript_ @thetranscript_ on x
    Asana CFO: “FY25 was a pivotal year for Asana, with stabilization across key metrics” —>CEO and Co-founder Dustin Moskovitz to retire. $ASAN: -27% AH [image]
  • @vijarkohli Vijar Kohli on x
    Dustin Moskovitz is finally retiring. I've used Asana for years. It's actually a great product. The company was founded in 2008 and works well. However it has been a poorly managed public company. Asana has been spending a tremendous on Sales & Marketing and Stock-based [image]
  • @teddyschleifer Teddy Schleifer on x
    I've probably written more about Dustin Moskovitz than almost any other reporter and I ... still can't tell you much about Asana. 🤡 But I can tell you a lot about Moskovitz's role in Democratic politics and philanthropy!
  • @teddyschleifer Teddy Schleifer on x
    Dustin Moskovitz, one of the Facebook co-founders and one of the biggest Democratic donors in the country, is stepping down as a public-company CEO. In part to focus more on philanthropy. Dustin is the world's biggest effective-altruist donor. https://investors.asana.com/ ...
  • @joshuaogundu Josh on x
    Talk about a key man clause
  • r/business r on reddit
    Asana CEO Dustin Moskovitz announces retirement, stock plummets 25%