Twitter, Inc. (NYSE:TWTR) Founder-CEO Jack Dorsey Made $1.40 In 2019, Even With Year Before
Twitter CEO Jack Dorsey earned $1.40 in 2019, flat from the year before (but up from zero in 2017) as the billionaire founder of the social media giant rolls out donations from the $1 billion he recently committed to coronavirus relief.
“At his own recommendation to the compensation committee and consistent with his compensation in 2018, Mr. Dorsey elected to forgo any compensation for 2019 other than a base salary of $1.40,” Twitter said in an SEC filing Wednesday. The filing said the buck forty “is a testament to his commitment to and belief in Twitter’s long-term value creation potential.”
It’s not uncommon for tech’s richest to forgo paychecks. Facebook founder-CEO Mark Zuckerberg’s salary last year was $1 – although the company paid $23 million on security for himself and his family.
According to the Forbes Real-Time Billionaires list, Dorsey is worth $3.9 billion.
Earlier this month, Dorsey announced he was donating $1 billion, or, he said, just under a third of his total wealth, to relief programs related to the coronavirus pandemic, in the form of shares in Square, a mobile payments company he founded and also runs. The shares went to a newly created limited liability company called Start Small with grants to beneficiaries recorded in a Google document that is publicly available. Donations so far include America’s Food Fund and Mayor’s Fund LA.
Charities backed by Dorsey, Rihanna and Jay-Z announced Wednesday they’re collectively donating $6.2 million in grants to organizations involved in coronavirus relief.
Three weeks ago, Twitter withdrew its revenue and profit forecast for the first quarter, citing the potential impact of the spreading coronavirus on advertiser demand. The shares have taken a hit but engagement is strong and last week Bernstein analyst Mark Shmulik upgraded the stock to ‘market perform,’ noting that it “sits at the fulcrum of news and conversation during this unprecedented global event” and that and that its revenue generating events “are just postponed, not lost.” Twitter announces quarterly earnings April 30.
Earlier in the year, Dorsey took some fire from investment firms Elliott Management and Silver Lake, which were pressing for his removal as CEO in part after he said he might move to Africa and run Twitter and Square from there. Dorsey scrapped those plans and a deal with the two shareholders gave each one a seat on the company’s board.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 32.58.
The projected lower bound is: 22.22.
The projected closing price is: 27.40.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 62.9232. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.76. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 18 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 74. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 13 period(s) ago.
Rex Takasugi – TD Profile
TWITTER INC closed down -0.430 at 27.510. Volume was 21% below average (neutral) and Bollinger Bands were 3% narrower than normal.
Open High Low Close Volume___
27.100 27.630 26.760 27.510 3,345,495
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 25.83 30.72 34.92
Volatility: 78 112 71
Volume: 3,976,602 5,139,059 3,500,922
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TWITTER INC is currently 21.2% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of TWTR.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TWTR.N and have had this outlook for the last 0 periods.
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