ANALYST: 'There's A Good Chance' Dick Costolo Is No Longer At Twitter In A Year
Robert Peck, analyst at Sun Trust, was on CNBC today and said, "We think there's a good chance he's not there in a year." Peck also said this was the number one question he's getting from institutional shareholders nowadays.
Peck doesn't really have any source, or reason to believe this is going to happen. He just sort of said it.
Twitter shares are up 4% today, and part of the spike might be due to these comments. The stock is at $38.66, which is still down 44% from its peak of $69 in January.
Costolo has been under pressure, largely because of the drop in the share price, and because of its inability to gain monthly active users.
More to come..