Twitter Collapses To Record Lows, Tests IPO Price As Tech Stocks Slump En Masse
August 20, 2015 at 18:08 PM EDT
At least Twitter isn’t alone. Alibaba also set a record low today. In the post-IPO market, Twitter is sucking air. After repeated quarterly reports detailing slowing, anemic user growth, shares in the social media company today reached a new nadir: the firm’s IPO price. Twitter went public at $26 per share. It skyrocketed from that dollar point, eventually managing a $39.93… Read More