{"id":5066,"date":"2017-04-29T00:43:31","date_gmt":"2017-04-29T00:43:31","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/jack-dorsey-just-spent-9-5m-buying-more-twitter-stock.html"},"modified":"2017-04-29T00:43:31","modified_gmt":"2017-04-29T00:43:31","slug":"jack-dorsey-just-spent-9-5m-buying-more-twitter-stock","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/jack-dorsey-just-spent-9-5m-buying-more-twitter-stock.html","title":{"rendered":"Jack Dorsey just spent $9.5M buying more Twitter stock"},"content":{"rendered":"


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Jack Dorsey is at it again \u2014 after purchasing $7 million in Twitter stock<\/a> back in February, the Twitter CEO bought another $9.5 million today<\/a>.\u00a0After making his purchase, Dorsey posted the news on Facebook Twitter, sparking a one percent gain in the company\u2019s share price in after-hours trading.<\/p>\n

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Sourced from Google Finance.<\/p>\n

According to an SEC filing, Dorsey purchased\u00a0574,002 shares of Twitter stock at roughly $16.62. That price is either a steal, if you compare it to Twitter\u2019s peak share price of almost $70\u00a0or a pretty bad deal if you\u2019re looking at last week\u2019s share price that was $2 lower. Either way, the CEO is expressing confidence in his company that just posted its first decent earnings report in a while.<\/p>\n

Earlier this week, Twitter reported to investors<\/a> that it brought in $548 million in revenue in Q1 2017, beating investor expectations of $511.9 million. That sent Twitter stock on an upward trajectory, benefitting shareholders. But despite all the good news, Dorsey hasn\u2019t actually made much from\u00a0his purchase of over 400,000 shares back in February.<\/p>\n

With both purchases combined,\u00a0Dorsey has now grabbed up over\u00a01 million additional shares of Twitter stock this year alone. In contrast, he has been dumping stock from his side-hustle Square. The share price for Square stock has been on the rise.\u00a0The money from Dorsey\u2019s sale of Square stock has previously gone to fund his own\u00a0Start Small Foundation.<\/p>\n

<\/p>\n

Featured Image: Paul Jeffers\/Fairfax Media via Getty Images\/Getty Images<\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunch\/social\/~3\/2Xw1gighMOQ\/<\/p>","protected":false},"excerpt":{"rendered":"

Jack Dorsey is at it again \u2014 after purchasing $7 million in Twitter stock back in February, the Twitter CEO bought another $9.5 million today.\u00a0After making his purchase, Dorsey posted <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[10,7,14,15,6,12,11],"class_list":["post-5066","post","type-post","status-publish","format-standard","hentry","category-latest-update","tag-computer-news","tag-downloads","tag-microsoft-download-news","tag-networking-updates","tag-technology-update","tag-wordpress-plugin-download","tag-wordpress-theme-download"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t