Monday, August 24, 2015

Evil, Rotten, No Good, Very Bad Twitter Now Trading Below IPO Price (TWTR)

Issues?
Yes I have issues.
(Updated--Eeeek! Twitter Says We're Spam!)

From MoneyBeat:
Sharing in Twitter’s Pain 
Twitter TWTR -6.49% has a problem at the top. The risk is that it trickles down to the bottom.

The micro-messaging company has been without a permanent chief executive since Dick Costolo left on July 1. Chairman and founder Jack Dorsey has been serving as interim CEO while the board searches for a replacement. But the company has lost a number of executives in recent weeks, including three top product managers and its communications chief.

Now, the recent stock-market swoon could cause lower-level employees to fly the coop. The company’s business model is being questioned, which can cause talent to look elsewhere.
Twitter’s shares have fallen 31% since its second-quarter earnings report on July 28 when the company acknowledged its service had yet to catch on with the mass market. Twitter’s stock now trades at around $25, below its November 2013 initial public offering price of $26....MORE
$24.19 with a half-hour or so to the close.