Twitter fell the most since it debuted on the New York Stock Exchange after Macquarie Capital downgraded the social-networking company, saying the stock has gone “too far, too fast.”
The shares of the microblogging service fell 13 per cent to $63.75 at the close in New York. The stock had almost tripled through yesterday since a November 6th initial public offering.
Ben Schachter, an analyst at Macquarie in New York, lowered his rating from neutral...
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