Thursday 16 July 2020
Twitter lost nearly $1 billion from its market cap following a devastating hack that saw accounts belonging to a raft of celebrities — including those used by Elon Musk and Warren Buffet — simultaneously hijacked to promote a Bitcoin scam. Twitter stock opened 4% lower on Thursday morning, which valued the Jack Dorsey-led firm at $27.02 billion, down from nearly $28.billion at the previous day’s close. While $TWTR remains in the green for the year-to-date (up 5% in 2020), it trails significantly behind the tech-heavy NASDAQ 100, which has risen nearly 20% over the same period. [Read: Fake Texan barbecue business gets $1M…
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