Asana's CEO and co-founder Dustin Moskovitz announced his retirement, according to CNBC. He will transition to the role of Chair once a new CEO is appointed. The company's fourth-quarter revenue increased 10% year-over-year, meeting analysts expectation. Moskovitz plans to focus on philanthropy, including Good Ventures and Open Philanthropy, after signing the Giving Pledge to donate most of his fortune. Asana's stock dropped over 25% in after-hours trading on Monday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02SADA's CEO and co-founder, Dustin Moskowitz, announced his retirement, according to CNBC.
00:07He will transition to the role of chair once the new CEO is appointed.
00:10The company's fourth quarter revenue increased 10% year-over-year, meeting analysts' expectations.
00:15Moskowitz plans to focus on philanthropy, including good ventures and open philanthropy,
00:19after signing the giving pledge to donate most of his fortune.
00:22SADA's stock dropped over 25% in after-hours trading on Monday.
00:26For all things money, visit Benzinga.com slash GSTV.
00:30For more information visit www.benzinga.com