Thursday, January 21, 2016

Jack Dorsey Juggles Twitter and Square, Both Caught in Downdraft - The New York Times

A rough start to 2016 for both Twitter and Square; also see Twitter Shares Jump on Speculation About Takeover Interest (BloombergBusiness) and Deja New: Talk of Twitter as Takeover Target Is Back Again (Re/code)
"The travails underscore how the stock market’s up and downs are especially hitting companies that have question marks hanging over their heads. While a rising market lifts all boats, doubters tend to flee riskier stocks in a tumultuous market. And plenty of questions — mostly around growth — surround Twitter and Square, with scrutiny set to intensify in the next few weeks as Twitter is scheduled to report earnings on Feb. 10 and Square to issue its first earnings as a public company on March 9.

“The market has suddenly found volatility” and that has made Square “a magnet of pessimism” and with Twitter, “people are piling onto it because it’s a disliked name that’s poorly understood,” said Max Wolff, the chief economist at Manhattan Venture Partners."
Jack Dorsey Juggles Twitter and Square, Both Caught in Downdraft - The New York Times
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