Twitter falls below IPO price for first time

Twitter Inc. shares fell 6% Thursday causing the stock to trade below its IPO price of $26 for the first time. Twitter was trading at $25.99. The shares fell as technology and other social media stocks also took hits. Facebook Inc. shares were down 4% in mid-day trade Thursday and LinkedIn Corp. shares were down 3%. The technology heavy Nasdaq Composite was down 2% at $4912.00 Thursday. Shares of Twitter have fallen 27% in the past month and 29% in the past three months. Twitter went public in November 2013 and had a record close of $73.31 on Dec. 26, 2013. The company has been struggling with attracting new users and clarifying its platform

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From:: Stock Market News

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