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Tim Armstrong is out at Oath, read the full memos here

Jonathan Shieber and Ingrid Lunden
Tim Armstrong is out at Oath, read the full memos here

Confirming rumors that have been circulating all summer, Verizon Communications confirmed today that Guru Gowrappan will be replacing Tim Armstrong as the CEO of Oath (owner of TechCrunch). This is a huge change: Armstrong has been the CEO of Oath, and before that the CEO of AOL (which had been the predecessor to Oath, before it was merged with Yahoo), for 10 years, managing the company through downs and ups that included a sale to Verizon for $4.4 billion, the buying of Yahoo for another $4.8 billion, and merging the two together.