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Twitter shares tumble below IPO price
Twitter shares fell below their $26 initial public offering price on Thursday, less than a month after co-founder Jack Dorsey warned it would take a while before Twitter is able to reverse a slowdown in user growth. Shares fell by as much as 6pc to $25.92 in late afternoon trading in New York amid a general market sell-off, before settling at $26 at the close. The company’s shares have almost halved over the past five months.
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Twitter faces the challenge of whether its 316m monthly users can become a mainstream platform instead of a niche forum favored by journalists and celebrities.
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Users may leave the twitter because of advertising.
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Yes Alka due to this advertising so many users leave the twitter.
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Twitter’s board also is planning a shakeup that involves the departure of former CEO.
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