Arab Today, arab today twitter shares fall below ipo price
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Twitter shares fall below IPO price

Arab Today, arab today

Arab Today, arab today Twitter shares fall below IPO price

Twitter stock
New York - AFP

Twitter shares sank to an all-time low Thursday, crashing below the level of its initial public offering in 2013, as growth concerns intensified over the one-to-many messaging platform.

In afternoon trade, Twitter sank as low as $25.92, a drop of six percent, falling for the first time below the $26 level of its November 2013 IPO, amid a steep drop in the overall US stock market.

Twitter stock hit highs in late 2013 above $70 on euphoria over the IPO but have been dogged by concerns on sluggish growth and a lack of profitability.

Last month, Twitter said its user base grew to 316 million worldwide, up by just two million from the prior quarter with the number of US users flat. Twitter co-founder Jack Dorsey has assumed the role of interim chief executive as the company seeks a new leader.

A study this week by Pew Research Center found Twitter has failed to keep apace with rivals like Instagram and Pinterest.

The Pew report found 72 percent of Americans who are online currently use Facebook, while Twitter's share remained stuck at last year's level of 23 percent. Meanwhile Instagram and Pinterest gained members.

Twitter, which lost $137 million in the recently ended quarter, has never posted a profit.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today twitter shares fall below ipo price Arab Today, arab today twitter shares fall below ipo price

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today twitter shares fall below ipo price Arab Today, arab today twitter shares fall below ipo price

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday