CEO Jack Dorsey Buys $7 M in Twit­ter Stock

The Economic Times - - Around The World -

New York: Days af­ter Twit­ter re­vealed its fourth-quar­ter earn­ings that missed com­pany’s rev­enue es­ti­mates, CEO Jack Dorsey has bought $7 mil­lion worth of Twit­ter stock, me­dia re­ports said. Ac­cord­ing to a re­port in Re­code on Tues­day, the doc­u­ments filed with the Se­cu­ri­ties and Ex­change Com­mis­sion showed Dorsey made two sep­a­rate pur­chases — he bought about $1 mil­lion in stock on Mon­day, and then $6 mil­lion worth of Twit­ter stock on Tues­day. Ac­cord­ing to me­dia re­ports, Twit­ter’s rev­enue growth came in at just 1%, a far cry from the 48% year-over-year growth Twit­ter re­ported dur­ing the same pe­riod in 2016. IANS

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