Dorsey Lauded as Potential Twitter (TWTR) Savior
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Twitter (TWTR) Gains as Bull Sees Rays of Sunshine During the Storm
October 2, 2015 10:31 AM EDTAfter getting pummeled over 8% yesterday, Twitter (NYSE: TWTR) is seeing green today in a sea of red after an ardent bull came out to defend the stock amid the vicious sell-off on... More
Deutsche Bank Remains Bullish on Twitter (TWTR)
October 2, 2015 7:57 AM EDTDeutsche Bank maintained a Buy rating on Twitter, Inc. (NYSE: TWTR) with a price target of $50. Analyst Ross Sandler said he remains firmly in the bull camp and he expects revenue to slightly exceed consensus in Q3.
"Twitter has had a rough 2015, full stop. The investment community has more or less given up on the story, except for a few loyal enthusiasts. We remain firmly... More
Wedbush Assumes Twitter, Inc. (TWTR) at Neutral
October 2, 2015 7:42 AM EDTWedbush analyst Michael Pachter assumes coverage on Twitter, Inc. (NYSE: TWTR) with a Neutral rating and a price target of $30.00.
Pachter commented, "Twitter has a solid base of avid users, a first mover advantage that will be nearly impossible to overcome, and a flawed business model, in our view. The company purports to offer its users access to real-time information on virtually any... More
Square could take hit on IPO with Jack Dorsey leading Twitter
October 1, 2015 9:22 PM EDTBy Heather Somerville
SAN FRANCISCO (Reuters) - The much anticipated initial public offering from Silicon Valley payments company Square could take a price hit if its chief executive, Jack Dorsey, takes a second and possibly more demanding job: running Twitter.
A distracted CEO juggling two companies, neither of which is a well-oiled machine, may not inspire the investor enthusiasm Square had bet on, financial industry experts told Reuters.
"Management and management focus are the single most determining factor of the success or lack thereof of a company pursuing an IPO," said Lise Buyer, an IPO... More
Twitter likely to name Dorsey permanent CEO: Re/code
September 30, 2015 2:03 PM EDTBy Yasmeen Abutaleb and Julia Love
SAN FRANCISCO (Reuters) - Twitter Inc (NYSE: TWTR) co-founder and interim Chief Executive Jack Dorsey is expected to be named permanent CEO as early as Thursday, while keeping his job as the head of online payment service Square, technology news website Re/code reported, citing sources.
The report was largely welcomed by investors, and Twitter's stock rose briefly by as much as 6.8 percent, before closing 5.3 percent higher at $26.94 on the New York Stock Exchange.
But the news raised questions over whether Dorsey could run both companies at the same time, and whether that would create a conflict of interest.
"Jack Dorsey would be... More
