HomeTrading NewsInvestors Didn’t Love Twitter’s CEO Decision. Here’s Why They Should.

Investors Didn’t Love Twitter’s CEO Decision. Here’s Why They Should.

Wall Street folks used to say Twitter stock would jump when co-founder and CEO Jack Dorsey finally surrendered the reins to a chief executive solely focused on the social-media company, rather than one trying to run both Twitter and Square at the same time, as Dorsey has done since 2015.

And yet, Twitter (ticker: TWTR) stock is down about 10% since this past week’s news that Twitter technology chief Parag Agrawal would replace Dorsey as CEO. The selloff gives investors a buying opportunity they haven’t seen in years.

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