Twitter stock slumps 18% as lockup expires
Tuesday, May 6, 2014 - 18:20
in Mathematics & Economics
Twitter Inc. shares plunged to a record low after the company lifted restrictions on share sales by insiders and early investors, renewing concerns that Internet stocks are overvalued and sparking a sell-off in social-media companies. The stock slumped $6.90, or 18%, to $31.85 as about 480...