Twitter Stock Punished For CEO's Honesty
Twitter's stock plummeted after interim CEO Jack Dorsey was honest about the problems facing the company.By Ben Lawson | July 29, 2015
Twitter interim CEO Jack Dorsey has discovered honesty is not always rewarded.
On Tuesday, Twitter's stock took a slight jump thanks to a better than expected earnings report. But after an investor's call that evening, its stock had dropped 14 percent as of Wednesday afternoon. (Video via Twitter)
It's pretty well known that Wall Street is growing increasingly frustrated with Twitter's struggles to grow.