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.
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.
Twitter was on the verge of revealing the price of its stock offering Wednesday, giving the popular messaging platform a value of around $15 billion, media reports said.
Twitter faces skepticism from potential investors and the broader public ahead of its initial public offering, according to an Associated Press-CNBC poll released Monday.
Twitter boosted its public stock offering to as much as $2 billion Monday, suggesting strong demand for its shares and a higher overall value for the one-to-many messaging platform.