Twitter sinks to new low as 'lockup' expires
New York (AFP) May 06, 2014 - Twitter shares plunged to new lows Tuesday, under pressure after the expiration of the so-called lockup period, which banned sales by company insiders after its public offering. The stock sank 17.8 percent to close at $31.85, the lowest level since the Twitter initial public offering (IPO) last November. Under US securities lockup rules, some insiders were barred from selling for a perio ... more
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