Twitter just collapsed to an all-time low
Advertisement
Bill Pugliano/Getty
Advertisement
In early trading on Tuesday, the stock fell 3% to as low as $13.90, a level it has not reached since the company went public in November 2013. The broader stock market was also selling off.
The social network has been struggling to ramp up its number of active users.
When it reported first-quarter earnings last week, its revenues missed estimates, and guidance for the second quarter was also light.
Several Wall Street analysts that cover the stock downgraded their outlook for future earnings, as well as their expectations for how high the shares can climb.
Advertisement
Here's a chart showing the lifetime of Twitter shares:
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member