The success of Twitter’s IPO made many shareholders very happy, until monday. On November 25, Twitter’s stocks fell down by 4.73% closing at $39.06 per share which marks a new low for the company’s stock performance.
The company got an amazing start trading at $45.10 in the beginning and rose up to $50 but after 2 weeks, the company’s hot streak has cooled down apparently. Though, Twitter was not the only one having a bad day. Facebook also saw a drop of 3.05% and the day was even worse for Yelp whose share value dropped by 6.71%.
Twitter’s performance shows a striking resemblance with Facebook early days performance, though Twitter is relatively less volatile. Both the companies had a great IPO, but saw a declined steadily in next two weeks. However, a major difference between the two is that Twitter is still trading above its IPO price of $26, but it took Facebook more than a year to reach back to its IPO price of $38.
via SocialAppsHQ Blog http://www.socialappshq.com/blog/2013/11/26/twitters-stocks-fall-down-by-4/
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