Subscribe free to our newsletters via your




INTERNET SPACE
Twitter shares tumble back to IPO price
by Staff Writers
New York (AFP) Aug 20, 2015


Twitter shares sank to an all-time low Thursday before closing at their initial public offering price from 2013, as growth concerns intensified over the one-to-many messaging platform.

The shares sank as low as $25.92, falling for the first time below the $26 level of Twitter's November 2013 IPO.

At the close, Twitter ended at $26 exactly, a drop of 5.8 percent, amid a broad selloff in the overall US stock market.

Twitter stock vaulted to highs in late 2013 above $70 on euphoria over the IPO but the company has been dogged by concerns on sluggish growth and a lack of profitability.

Last month, Twitter said its user base grew to 316 million worldwide, up by just two million from the prior quarter with the number of US users flat. Twitter co-founder Jack Dorsey has assumed the role of interim chief executive as the company seeks a new leader.

A study this week by Pew Research Center found Twitter has failed to keep apace with rivals like Instagram and Pinterest.

The Pew report found 72 percent of Americans who are online currently use Facebook, while Twitter's share remained stuck at last year's level of 23 percent. Meanwhile Instagram and Pinterest gained members.

Twitter, which lost $137 million in the recently ended quarter, has never posted a profit.

bur-rl/bfm

Twitter


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








INTERNET SPACE
US to extend Internet oversight role
San Francisco (AFP) Aug 18, 2015
The US is extending its oversight of a body that controls part of the Internet's structure, the Department of Commerce said, postponing a possible handover of responsibilities to a private entity. Assistant secretary for communications Lawrence Strickling posted an update Monday on plans to hand over domain name system oversight to a private body. A plan under consideration would see the ... read more


INTERNET SPACE
China's disaster playbook falls short in Tianjin blasts

Officials calm homeowner protests over Tianjin blast

Cholera, climate change fuel Haiti's humanitarian crisis: UN

China moves to contain cyanide after blasts kill 114

INTERNET SPACE
Russia may offer Glonass-based navigation system for light aircraft

Antenova announces embedded GNSS antenna for accurate positioning

Surfing for science

Russia develops national high-end navigation system

INTERNET SPACE
Most complete human brain model to date is a 'brain changer'

Oldest-ever humanlike hand bone found in Tanzania

Mass grave site yields evidence of Stone Age massacre

Humans responsible for demise of gigantic ancient mammals

INTERNET SPACE
Giant panda gives birth in Malaysia

Firefly protein causes plant roots to glow in the dark

Endangered Philippine eagle shot dead three years after rescue

Mosquito-repelling chemicals identified in traditional sweetgrass

INTERNET SPACE
Second human plague case probed at Yosemite Park

Squirrels in Yosemite campground test positive for plague

New bio-containment system unveiled in Georgia

International team discovers the ancient origins of deadly Lassa virus

INTERNET SPACE
China fashion exhibition is New York smash hit

China media urges US 'sincerity' over escaped officials

US warns China on agents pressuring fugitives to go home: report

Chinese general with gold statue trove given suspended death sentence

INTERNET SPACE
Rio airport agents bribed in Chinese immigrant scandal

All bets are off inside Laos' jungle sin city

Football: FIFA sets election date as Blatter finally rules himself out

Piracy, other maritime crimes rise in Southeast Asia

INTERNET SPACE
China to try 30 in business paper corruption case

Tianjin blasts echo across economy

China pumps $17 bn into banks for economic boost

China's yuan cut a bad omen for France's luxury sector




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.