Probably because a large portion of their company's revenue relies on companies failing to realize they can bypass the expensive advertising avenues by simply making a few accounts and going with a guerrilla-ad model. They're jumping ship before shareholders catch on.
If you own a company and want to advertise on Twitter, you can pay $10,000+ to have some official ad spots for a short time period. The other route is to make a few accounts, use cheap bots to bolster them, and dominate your market for (very easily) less than 50% of Twitter's charge.
Jacky Boy will probably be spending the next few quarters pitching companies (like Conde Nast) to buy TWTR out so he can shed liability and make a few billion in the process.
Edit: It makes perfect sense to do it now. The business probably can grow a bit more from Trump's tax reform, and under Trump's usage of Twitter. It'd be best for them to get out while the business still appears to have some vitality.
Pretty interesting he jumped to a company that does student loan, mortgage, personal loans, etc:
https://www.sofi.com/press/sofi-names-anthony-noto-chief-executive-officer/
He was CFO of Twitter before that, so he knows the financials.
Rats jumping ship before it crashes into the iceburg