Investors who bought Twitter's public debut are officially underwater.
On Thursday, shares of Twitter fell below $26 — the level where Twitter shares priced for the November 2013 IPO — for the first time ever.
This means even the earliest Twitter buyers are now losing money and that Twitter is officially in the red for the entirety of its life as a public company.
On its first day of trading as a public company, Twitter shares opened for trading at $45.10.
During the summer, and particularly following Twitter's disastrous second quarter earnings call, the stock has been making new lows and creeping up on the magic $26 per share number. And now, that has been breached.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.