Thursday February 20, 2020

Twitter posts biggest fall since IPO after downgrade

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.”

30th December, 2013
Twitter shares fall 13%.

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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