Twitter flunks examination as university endowments dump stock.

[sonia sharma]

America’s smartest schools have given Twitter an F. Harvard, Yale and Stanford universities have all sold big chunks of their Twitter stock as the nine-year-old social media company struggles to prove to investors it has a trajectory of growth.
Yale University, which has a $23.9bn endowment fund, sold all of its 34,345 shares in Twitter – worth just under $1m at Monday’s stock price – over the last quarter. Harvard University, the world’s wealthiest university with a $36.4bn fund, sold 29,856 Twitter shares between April and June. Stanford, which has an endowment fund worth $21.4bn, sold 18,000 shares.