The cost of Twitter shares fell below the level of 2013: the management is skeptical about the situation in the company
Twitter stock prices continued to fall. The price per share fell for the first time below the 2013 level. Then the company's IPO took place. On Thursday, Twitter’s stock price dropped to $ 25.92. By the close of the market, it was $ 25.98. At this price, the company's capitalization will not exceed $ 17.6 billion, writes Financial Times.
During the IPO, Twitter shares were placed at a price of $ 26, and in December 2013 their value reached a record level of $ 73.3 per share. After that, the company's capitalization rose to $ 41.5 billion. Now it has shrunk by 60%.
In the second quarter of 2015, Twitter revenue increased by 61%. However, in two years, the increase in new users was minimal. This gives rise to concerns about the company's prospects. Skeptical about the chances of increasing users and the management itself.
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The number of active users, as of June 30, reached 316 million people. Thus, the increase in users was 2.6%, which was the worst dynamic since the company's IPO in 2013. Previously, the number of active Twitter users increased by 15% every year.
According to the interim head of the company, Jack Dorsey, initiatives to create new products have not yet had a significant impact on the growth of the audience. Megamind also wrote that Twitter lost 450 employees in a year.
During the IPO, Twitter shares were placed at a price of $ 26, and in December 2013 their value reached a record level of $ 73.3 per share. After that, the company's capitalization rose to $ 41.5 billion. Now it has shrunk by 60%.
In the second quarter of 2015, Twitter revenue increased by 61%. However, in two years, the increase in new users was minimal. This gives rise to concerns about the company's prospects. Skeptical about the chances of increasing users and the management itself.
')
The number of active users, as of June 30, reached 316 million people. Thus, the increase in users was 2.6%, which was the worst dynamic since the company's IPO in 2013. Previously, the number of active Twitter users increased by 15% every year.
According to the interim head of the company, Jack Dorsey, initiatives to create new products have not yet had a significant impact on the growth of the audience. Megamind also wrote that Twitter lost 450 employees in a year.
Source: https://habr.com/ru/post/293830/
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