Twitter Stock Down 41% Since Dorsey Was Named CEO

Jack Dorsey was named Twitter Inc TWTR's CEO back in early October, 2015. Since Dorsey's appointment, Twitter's stock has lost 41 percent of its value, marking a rough ride for shareholders. Shares of Twitter plummeted to a new 52-week low of $15.48 on Wednesday before staging a brief surge to an intra-day high of $19.04 - only to reverse course and decline. Twitter's stock was trading at $17.20, up 3.07 percent heading into the final hour of trading on Wednesday. Investors began buying the stock after unconfirmed reports surfaced that the company may be acquired by News Corp NWSA. However, after the New York Post's Clair Atkinson tweeted that News Corp isn't looking to acquire the company investors began selling the stock yet again.

It's official News Corp denies Twitter rumor #nyp

— Claire Atkinson (@claireatki) January 20, 2016