Jack Dorsey Bought A Bunch Of Twitter Shares, And It's Working Out Great

The interim CEO purchased 31,000 shares Monday.
JUSTIN TALLIS via Getty Images

Twitter has been struggling lately. Its user growth has slowed, execs are leaving and it's still searching for a permanent CEO.

Co-founder Jack Dorsey, who is currently serving as interim chief, looked to inject some hope into the company on Monday by purchasing over 31,000 shares for around $875,000. The purchase brings Dorsey's total shares to 22 million.

He shared the news and the link to his Securities and Exchange Commission filing on Twitter:

Also on Monday, Twitter announced a partnership with the National Football League, in which the social media site will feature game highlights.

The company's stock price has dropped around 32 percent over the last year. But the market responded positively to Monday's news: Shares rose 9 percent to almost $30.

Dorsey is also CEO of the mobile payments company Square, which may be going public soon. He's been evasive about the possibility of staying on with Twitter for good after replacing Dick Costolo in July, saying that he's focused primarily on simplifying the service.

This post has been updated to include information about the NFL's partnership with Twitter.

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Jenny Che is a New York-based business reporter. Contact her at jenny.che@huffingtonpost.com or on Twitter at @jsyche.

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