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Twitter’s Bitcoin scam hack wiped $1B from its market value

16/07/2020

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...
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 almost $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… This story continues at The Next WebOr just read more coverage about: Bitcoin,Twitter 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 almost $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… This story continues at The Next WebOr just read more coverage about: Bitcoin,Twitter
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