On
Tuesday the shares of Twitter (TWTR) tumbled to worst ever bottom at $13.90
which is 46.5% below its IPO price since
the company became public in 2013.
Briefly
the shares of the social network were traded at $13.90, but later the price
rose slightly to a closing price of $14.01.
Thus,
the market capitalization of the company tumbled to $9.7 bln against $14 bln
last week – ahead of the financial statements for the first quarter release.
Last
week Twitter reported a slowdown in revenue growth. Especially frustrating for
investors proved to be the slower growth in advertising revenue. During the
first three months of the year, advertising revenues increased by 37% to $595 mln.
An year earlier was reported an increase of 48%.
Since
the beginning of the year the company's shares are down by 40% and this is almost 50% below the IPO price of
$26. In December 2013, just a month after its listing, Twitter recorded a peak of $74.73.
But
for now one thing is sure – investors fret over this downbeat mode.
