Jack Dorsey and Other Twitter Insiders Make Show of Support

http://www.nytimes.com/2015/08/11/technology/jack-dorsey-twitter.html

by akud • 11 years ago

22 17 11 years ago

TheBiv• 11 years ago

A few thousand share purchased to someone who owns millions of shares in a company is not what I would call a "Show of Support"

Killswitch• 11 years ago

$875,000 in shares is a lot of money and something I'd consider "show of support"

pbreit2• 11 years ago

The guy is a multi-billionaire. $900k would be like $100 for most of us here: nothing.

erobbins• 11 years ago

The only people this empty act will fool probably don't own twitter stock.

ashbrahma• 11 years ago

Per Business Insider, Twitter's CFO is the only senior executive who has bought stock in 2015. Looks like they are trying to react to that story from Friday. Link: http://www.businessinsider.com/twitter-cfo-anthony-noto-buyi...

swingbridge• 11 years ago

It's a token gesture at best.

If he used all/most of the proceeds from his previous sales of the stock at its previous inflated prices and bought it all back at a this current low price then THAT would be a "show of support."

hkmurakami• 11 years ago

A $875,000 purchase leading to a $40mm increase in value in his overall holdings of TWTR.

Well played sir, well played.

jsprogrammer• 11 years ago

Benefits of market movers.

dkarapetyan• 11 years ago

This is kinda weird. I mean what is the point of shaming people into not selling their stock?

howradical• 11 years ago

I've seen a lot of people dismissing this as insignificant. It's not when you realize that while Dorsey is a billionaire, the majority of his wealth is illiquid (tied up in Twitter and Square). He's clearly sold Twitter stock to get liquidity at various points and should not be faulted for that because it's logical. A quick scan of his sales (which are infrequent compared to other insiders) leads me to believe this was non-trivial portion of his liquid net worth.

pbreit2• 11 years ago

I would be surprised if it was more than 1% of liquid net worth (i.e., trivial).

Jack Dorsey and Other Twitter Insiders Make Show of Support

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