Tuesday, August 11, 2015

Jack Dorsey Bought Some Twitter Stock, but He Sold a Lot More | Re/code

A timely Twitter reality check

"Still, while the company was dealing with major growth concerns and a looming CEO search (the company claims Dick Costolo’s departure was in the cards since last year), its board was selling stock. Now it’s buying Twitter stock at the cheapest it has ever been. Kudos to Dorsey for the strategy; Twitter stock is benefitting because of it, and many out there appreciate the public boost. But the support, like the company stock, feels a little cheap right now."
Jack Dorsey Bought Some Twitter Stock, but He Sold a Lot More | Re/code
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