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Twitter Shares Surge on Product VP Hire, Data Startup Acquisition

Shares of Twitter closed at $45.51 Tuesday, jumping nearly 12 percent during the afternoon, just hours after the company announced it had acquired social data reseller Gnip, and mere minutes after Twitter announced it had hired new VP of Product Daniel Graf away from Google. The company’s stock has lost hundreds of millions in market cap over the past few months, down from a one-year high of $73.31 last December.

This article originally appeared on Recode.net.

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