Twitter Collapses 5%, Tumbling Toward IPO-Level Prices

Shares of Twitter, a popular social media company, fell sharply today, dipping nearly 6 percent by midday trading. The company’s equity fell in value below the $30 mark, setting new lows. As of the time of writing, shares of Twitter are worth just over $29. For context, Twitter went public at $26 per share, and saw its value skyrocket. The firm debuted at $45.10 per share1, and managed a 74 percent day-one pop. Investors, quite simply, were ecstatic about Twitter.
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