Jim Edwards, who is an editor for Business Insider, disclosed Tuesday that he has purchased $1,000 worth of Twitter stock.
Edwards writes, “Usually, journalists are forbidden from investing in the companies they write about because it might make them biased. It’s a good rule. At BI we have a more liberal policy, merely requiring transparency and disclosure. (You can see my permanent conflict of interest disclosure here.)
“More broadly, I found that owning stock made me much more sensitive to news about the companies and what was going on inside them. (I previously bought and then sold Facebook and Google.) It made my understanding of them much more acute. Obviously, my stake was not trivial in terms of my personal finances. But nor was it large enough to change my life in any way.
“Here’s why I’ve decided to to take the plunge on Twitter.
“They say you should buy low and sell high. At the beginning of this week, TWTR was trading at $32.07, down from its post-IPO high of $73.31. That looks like a valley to me. (I bought at $32.28.)”
