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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team