Friday, August 21, 2015

Twitter Breaks Its IPO Price - Digits - WSJ

Tumultuous Twitter times

"So much for that brief Twitter Inc. rally. The micro-blogging site dropped below its initial public offering price for the first time ever Thursday.

By late afternoon, Twitter shares hit an intraday low of $25.92 – just below its $26 2013 IPO price. The stock closed exactly at $26.

Last week, several Twitter insiders, including interim CEO Jack Dorsey, revealed that they had bumped up their stakes in the social-networking company, which sparked a rally of nearly 10% in the company’s stock.

All of that has been lost — and then some."
Twitter Breaks Its IPO Price - Digits - WSJ
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