{"id":339625,"date":"2017-04-29T08:00:15","date_gmt":"2017-04-29T00:00:15","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1483268"},"modified":"2017-04-29T08:00:15","modified_gmt":"2017-04-29T00:00:15","slug":"jack-dorsey-just-spent-9-5m-buying-more-twitter-stock","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/jack-dorsey-just-spent-9-5m-buying-more-twitter-stock\/","title":{"rendered":"Jack Dorsey just spent $9.5M buying more Twitter stock"},"content":{"rendered":"

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Jack Dorsey is at it again \u2014 after purchasing $7 million in Twitter stock<\/a> back in February, the Twitter CEO bought another $9.5 million today<\/a>.\u00a0After making his purchase, Dorsey posted the news on Facebook<\/del> Twitter, sparking a one percent gain in the company\u2019s\u00a0after share price in after-hours trading.<\/p>\n

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Sourced from Google Finance.<\/p>\n<\/div>\n

According to an SEC filing, Dorsey purchased\u00a0574,002 shares of Twitter stock at roughly $16.62. That price is either a steal, if you compare it to Twitter\u2019s peak share price of almost $70\u00a0or a pretty bad deal if you\u2019re looking at last week\u2019s share price that was $2 lower. Either way, the CEO is expressing confidence in his company that just posted its first decent earnings report in a while.<\/p>\n

Earlier this week, Twitter reported to investors<\/a> that it brought in $548 million in revenue in Q1 2017, beating investor expectations of $511.9 million. That sent Twitter stock on an upward trajectory, benefitting shareholders. But despite all the good news, Dorsey hasn\u2019t actually made much from\u00a0his purchase of over 400,000 shares back in February.<\/p>\n

With both purchases combined,\u00a0Dorsey has now grabbed up over\u00a01 million additional shares of Twitter stock this year alone. In contrast, he has been dumping stock from his side-hustle Square. The share price for Square stock has been on the rise.\u00a0The money from Dorsey\u2019s sale of Square stock has previously gone to find\u00a0his own\u00a0Start Small Foundation.<\/p>\n

Featured Image: Paul Jeffers\/Fairfax Media via Getty Images\/Getty Images<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Jack Dorsey is at it again — after purchasing $7 million in Twitter stock back in February, the Twitter CEO bought another $9.5 million today.\u00a0After making his purchase, Dorsey posted the news on Facebook Twitter, sparking a one percent gain in the company’s\u00a0after share price in after-hours trading. According to an SEC filing, Dorsey purchased\u00a0574,002 shares of Twitter stock… Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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