Twitter’s Stock Drop on Monday Was the Worst of Major Tech Firms



After Twitter stock dropped 10 percent in early trading on Tuesday morning, the company’s stock continued to fall almost 18% in the wake of the lockup period’s end.

At an all-time low of less than $32 a share, the drop in Twitter stock when compared to other companies like Facebook, Yelp and Google could spell more bad news for the company.

When a company first goes public, early investors cannot sell their shares for a set amount of time, known as a lockup period. When the lockup period ends, those investors typically sell their shares to cash in on their investments, usually resulting in a company’s stocks falling, like Twitter has seen when its lockup period ended on Monday. Read more…

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