Twitter Loses 60 Percent of Value in Past 12 Months

Recode: June 11 marked the one-year anniversary of the date former Twitter CEO Dick Costolo unexpectedly announced he was leaving the company, passing the reins to current CEO and co-founder Jack Dorsey. Since Costolo announced he was stepping down, Twitter’s stock has fallen more than 60 percent, closing Friday near an all-time low at $14.02.