Tannous quoted in Agenda analyzing Twitter's approach to boost stock
Managing Partner Bob Tannous was quoted in an Aug. 17 article published by Agenda, a subscription news of the Financial Times, titled “Twitter Takes Gen Y Approach to Boost Stock.” The article analyzed Twitter executives’ strategy of purchasing company stock to show confidence in the business. The Twitter executives’ move has received a fair amount of media coverage, but these types of stock purchases are essentially no different than a stock buyback, which has been a popular tactic recently among many S&P 500 companies, Tannous said. "CEO Jack Dorsey’s tweet about buying the stock simply enabled Twitter “to ‘put some chum in the water’ around his purchase,” Tannous said.
The online article is available to subscribers only.