This may move up slightly above $2 however I doubt it, it can also drop down to $1.25 with further dilution and lack luster gross sales. The company may be good but most traders are just that, and I think the equity price is about fair at these levels at best.
The current CEO is the founder. So he can do what ever he wants, that is irrelevant. If he was not the founder, say someone that was posted to the job like Tim Cooke of Apple or other then your statement has more merit. Founders are not the same as people who got the job, such as Yahoo CEO now, she was paid nearly $100 M wasn't she of a sinking ship? No one complains. GOPRO just dropped the ball because they got confortable.
Twitter simply wants to maintain data, your tweets, video, and other media on their hardware in order to take advantage of future technologies, including A.I., data mining, more content for advertisers, and more options for their technology with the expansion of larger tweets. Its not the text expansion so much as capturing future revenues and future data.
Currently when you log into tweet and you visit a link, you are connecting to a different company, different website or database across the world, and all your data, interaction, location data etc are streamed to that new site, and in order to maintain control and value on twitter more as an option, they will simply permit larger content to be available from their own websites, data storage etc. This is a SMART move and i don't get how stupid most investors are and how brain dead they can be, this is an AWESOME idea that will generate more revenue going forward, much more.
The stock should have popped $3 at least, but the idiot analysts at the banks got it wrong with their MBA's. Losers.
TWTR hit the all time low most likely, barring any stock market crash, TWTR should trade in the $30 next quarter.