Twitter CEO Jack Dorsey just made a dopey move
February 20, 2017
Twitter CEO Jack Dorsey purchased sevn million worth of Twitter shares earlier this week.
The purchase of the shares sends a signal to the market that he’s confident in the prospects of the firm he runs.
However, the purchase has also sent a much clearer signal to the market: that nobody is interested in acquiring Twitter (he couldn’t purchase shares otherwise), removing a floor on the stock present since they announced they were courting suitors last year.
D’oh!
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