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Twitter Co-Founders Just Lost Almost $750 Million
Bloomberg.com Twitter stock crashes after ugly earnings report. Twitter Inc. co-founders Evan Williams and Jack Dorsey lost almost $750 million in paper wealth this afternoon after the company posted first-quarter revenue that fell short of estimates. The microblogging business also cut its sales forecast as the company struggles to attract more users and advertisers. The stock fell 18 percent, fueled by the early release of results. Williams, who owns 7.5 percent of the San Francisco-based company, dropped almost $525 million, according to the Bloomberg Billionaires Index. Dorsey, who also co-founded Square Inc., a mobile-payments company, lost about $220 million...
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