Twitter Shares Dipped At All Time Low, Tough Times Ahead?
Just after a couple of days when Twitter announced its plans to launch 10,000 characters long tweets to users, share prices of the company hit a all-time below. Reports say that Twitter’s shared closed below $20 at the time of closing. This is an alarming bell for CEO Jack Dorsey.
In the New York Stock Exchange, Twitter’s shares tumbled by 1.38 per cent for the day and the trend followed in after-hours trading. It seems users haven’t welcomed the decision of allowing 10,000 characters tweet. It’s worth watching how Twitter reacts to the tumble and what the steps would place to bring investor’s confidence back.