Tech content trusted by users in North America and around the world
7,254 Reviews & Articles | 52,655 News Posts

Twitter stock falls to all-time low

Twitter stocks drop to concerning $13.90, worst since it went public
By: Sean Ridgeley | Business, Financial & Legal News | Posted: May 3, 2016 5:00 pm

Twitter's stocks dropped to $13.90 this morning according to Bloomberg, an all-time low since the company's public inception three years ago. It rose slightly to $13.99 later in the day, putting its market cap at $9.7 billion: a significant drop versus last week's $14 billion, which was estimated prior to the release of the company's quarterly results. As of press time, they sit at $14.08.




Things haven't been going well for Twitter lately, between a recent smattering of executive departures and a trend of dropping stock values. Months ago, The New Yorker went so far as to say the end is near for the social media service, while USA Today stated about the same time that it could go on for hundreds of years due in part to its $3 billion cash reserves. We're inclined to think the truth is somewhere in between.


Related Tags

Got an opinion on this news? Post a comment below!