He should give $70m of that back to shareholders as a special divi until they actually fix the company and earn the money. Given what he finally admitted to during the CC about the critical condition of Twtr, he clearly did not earn his salary, because until the CC they never acknowledged the sad state of Twtr prior.
name its new CEO, is sure hope they don't repeat. No Jack, No Bain. No one from inside the company.
thank you. I think it is all about the new CEO and Costolos replacement. If there was an offer on the table to buy out twtr, that would be public and needs shareholder vote.
Was this a planned meeting or is it an emergency meeting if you know?
Over the past two weeks several people said Twtr was planning the CEO news before the holiday weekend. They also need to find a replacement for #$%$.
With heavy activity in current options and extended in September calls, expecting a run to $9 which makes me even if it gets there. Would like to see something even higher to make up for the grief/suffering factor of holding it.
With the GDP print 50% bigger than what was estimated, almsot all material/mining/oil stocks shot up big time since yesterday. Perhaps things are better than I was thinking?
because appreciation could be that much more ove the next 12 months.
Very quick and sudden move back up/
BTU is also up from $1 to $2.28. However, remember from where they fell and this is not that assuring.. Perhaps some on WS realizes the idiot is out of office soon enough and a Trump or another president will fire the current EPA leadership and restore some reality into this global warming/climate change story and coal will catch a sustainable bid.
Yesterday was a remarkable day for every stock that's been killed in every materials/mining/oil sector.
And LG also said this in the PR..... and a $56 million equity value creation through discount capture.... an $18 million reduction in interest expense until maturity
I do not disagree about the new projects being valuable at some point. I am saying that they neglected twtr up until now. They admitted that themselves.
FB was the example for twtr about how not to do to stumble after its IPO. They did it anyways by ignoring eveyone who had ideas for the company. It was Jack's way or the highway, and now they face the consequnces of their arroogance or neglect.
From a news story out t his morning....
Twitter is making a bet it can increase its share.
“We are clearly in a different place right now than we were in 2012,” Golden said. “Many of the campaigns are living on Twitter and really seeing impact on a daily basis. We’re in a place where we can work with these candidates and help them realize they need to shift their budgets to be on this platform
Maybe you're right on Square but I can not endorse Jack's vision like you explained. How do you reconcile what he said about the condition of twtr when he became the temp CEO to what he said about twtr at the CC?
He lied or he was utterly clueless, with both scenarios making him incompetent for the job. If he was that detached from twtr and made no effort to find out about the company when he became interim CEO, that is enough of a dis-qualifier for me. Keep him around as a product guy, but not a leader.
Twtr Acc/Dist Rank is an 'E' and that says institutions bailed. Twtr was a one trick pony all these year, did not innovate or change like FB did, jsut stayed the same ole company and ignored user requests until now about how to improve the company. He was a part of this mess.
The BOD needs to resign, Jack needs to let go, Noto needs to return most of his salary to shareholders in a special dividend until he actually earns the money, and twtr needs to get a CEO who puts the shareholders ahead of themselves, as thye hosed us while they enriched themselves.
Twtr will be a great company and maybe Jack off Jack had a revelation and will do better for twtr, but he had his time and his chance and he is not the guy.
Short covering is likely and maybe some sector rotation on the better numbers?
than something about a twtr fix. One of his tweets was on Square and several respondents tweeted him back with questions on twtr.
For those of you what are not doing the same, please do so. Let him see what you feel and think. I've done several already.
so would Sqaure provide some support for Sqaure if they end up merging the two. While very unlikely, jsut a curious thought because twtr needs anything/something else to rise up.
When they became a public company the focus should have turned to enhancing shareholder value but they simply enriched themselves and neglected all of the issues confronting twtr today. They got rich and we got hosed and now, finally, Jack says we are all screwed up and will have to fix stuff.
Where in the hell were they before. Why was everything neglected, unlike FB that never was satisfied with the core product and evolved it constantly to the power hosue it is today.
Twtr Acc/Dist rank this morning is an "E" meaning WS bailed out on twtr. An "E" and this doens't shame them?
I hope the idiots running this company realize they run this for shareholder and its users and this requires innovations and MAU growth. Get with it!
SLB just acquired a company this morning and a Nat Gas acquisition happened yesterday (name escapes me). two M&A in one week in oil/gas says they buying will begin. How does Cramer come up with this stuff?
If this does not shame twtr managemenat and BOD, what will?
They wanted to become a public company but ignored that they have a responsibility to shareholders since that happened. Today twtr is broken and generations detached from where it should be. Sacca outlined what they ignored until now and the "E" is proof of it.
Have you noticed WS hasn't really mentioned how bad twtr is of late. They threw in the towel and this is the new norm for now.