Low stock price combined with stock structure makes it an easy target
Things haven’t been good for Twitter lately. Ever since CEO Jack Dorsey announced a few weeks ago that the company is thinking about raising its 140-character limit to 10,000 characters per post, the stock has nosedived—continuing a downward trend that has lasted since April of 2015. Just a few days ago, Twitter shares hit $15.48, their lowest ever. The share price has dropped so low that Dorsey is no longer a billionaire.
