Twitter stock crashes to a new all-time low

Twitter's stock is continuing to trade below its IPO price. It crashed to as low as $21.01 as the stock markets opened. That's an eye-watering 18.7% plunge.

It isn't the only tech stock that's tanking. Apple has fallen below $100 and the U.S. market in general is experiencing a wide-scale sell-off. Analysts have attributed the decline to things like China's slowdown, uncertainty in Greece and Europe, and the prospect of higher interest rates some time soon.

Twitter, however, has a bunch of its own problems that are troubling investors. It still doesn't have a permanent CEO in place of Dick Costolo, and its monthly active user growth has stalled.

twitter stock

Yahoo Finance

NOW WATCH: People were baffled by 50 sharks circling in shallow waters off the English coast

Add Comment()
Comments ()
Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.