Twitter shares tumbled Friday after a brokerage analyst warned the popular messaging network was overvalued following a meteoric rise since its initial public offering in November.
Social networks have found a promising new source of advertising revenue: targeting users with ads for products they browsed online.
Twitter has named Marjorie Scardino as a director, adding a woman to the all-white male board for which it's been sharply criticized.
The mobile messaging service Snapchat recently rejected a $3 billion cash offer from Facebook, The Wall Street Journal reported Wednesday.
Just as one high-tech breakthrough often paves the way for the next big thing, technology IPOs move in virtuous cycles, too.
Twitter shares retreated Friday a day after a sizzling debut on Wall Street, as some of the frenzy about the popular messaging service faded.
Twitter made a spectacular Wall Street debut Thursday but analysts warned of challenges ahead for the popular messaging service vying to become the next fixture for global Internet users.
Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street's lofty hopes.
With Twitter in the news because of a public stock offering, you might be deciding it's finally time to start tweeting.
As Twitter embarks upon an initial public offering that is projected to raise some $1.7 billion for the social media company, it walks past a veritable graveyard of dead IPO companies.