Dec 15, 2017 - Technology

How one tweet moved Twitter's stock

Photo: Lloyd Blankfein / Twitter

Twitter shares soared yesterday, a day after Goldman Sachs CEO Lloyd Blankfein tweeted a photo of himself with Twitter CEO Jack Dorsey at the tech company's HQ in San Francisco, Bloomberg reports.

Why it matters: "Disney had explored the possibility of buying Twitter when the company considered selling itself last year ... Goldman Sachs was said to have advised Twitter in those discussions."

  • Blankfein was cited by several traders as a factor in the stock's rally, amid rekindled merger speculation on the day Walt Disney Co. announced its Fox deal. Twitter, which has struggled as a business despite its hold on the culture, rose as much as 7.3%, reaching the highest in more than a year.
  • "Blankfein was at the social network's offices as part of an ongoing question-and-answer series with well-known users."

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Axios
Updated 37 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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Why it matters: The extraordinary legal battle is occurring amid earth-shaking changes in the global auto industry that threaten to turn both litigants into dinosaurs if they aren't nimble enough to pivot to a future where transportation is a service, cars run on electrons and a robot handles the driving.

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Cuomo says all New York schools can reopen for in-person learning

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Why it matters: It’s another sign that the state, once the global epicenter of the pandemic, has — at least for now — successfully curbed the spread of the virus even as infections have surged elsewhere around the country.

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