Why Twitter Will Start Buying Back Stock
Twitter (NYSE: TWTR) has never had a meaningful share repurchase program to speak of, but that's about to change. Following recent reports that activist investor Elliott Management had accumulated a $1 billion stake in the social media company and was about to agitate to oust CEO Jack Dorsey, Twitter announced this week that it had reached an agreement with Elliott Management, as well as private equity firm Silver Lake Partners.
As part of the deal, Twitter will kick off a share repurchase program. Here's what investors need to know.
Image source: Twitter. Image copyright Atsushi Nakamichi for Twitter, Inc.
Source Fool.com
