Twitter Still Believes in Itself, Costolo Tells Shareholders - Digits - WSJ

Probably not encouraging to people who bought in near Twitter's 52-week high of $74.73

"Investors have worried about Twitter’s growth prospects ever since the company went public in November. Until last month Twitter had reported four consecutive quarters of slowing user growth, and even when it stemmed that slide in the first quarter it wasn’t enough to impress investors. Its stock fell 10%. Costolo said in a call then that he was happy with the user growth.

Twitter’s stock hit a low of $30.66 earlier this month when the expiration of the six-month “lockup” freed holders of 83% of shares outstanding. The stock closed today at $31.62, well below the IPO opening price of $45.10."

Twitter Still Believes in Itself, Costolo Tells Shareholders - Digits - WSJ