Jack Dorsey gave Twitter a really expensive Valentine's Day present

 
Caitlin Morrison
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Twitter Chairman Jack Dorsey Speaks At Techonomy Detroit
Twitter boss Dorsey showed the social network some love yesterday (Source: Getty)

Twitter founder Jack Dorsey celebrated Valentine's Day with a big confidence boost for the social network.

Dorsey bought just over $7m (£5.6m) worth of Twitter stock - and of course, tweeted about it, using the romantic hashtag #LoveTwitter.

The Twitter boss, who also founded (and is, controversially, chief executive of) payments company Square, snapped up 63,007 shares worth $15.8715, and 362,991 shares worth $16.5294, according to the Securities and Exchange Commission documents he posted online yesterday.

Twitter stock plummeted last week on its results for the fourth quarter, losing 12 per cent before the bell on Friday when it revealed revenues had inched up just one per cent.

The company failed to benefit from a so-called "Trump bump", despite being the US President's channel of choice for sharing his views with the world. Although Trump's use of the service helped drive "awareness of Twitter and its powers", the firm's operating chief Anthony Noto said: "We can't quantify an impact at this point."

Shares in Twitter closed up 4.5 per cent yesterday at $16.65.

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