Twitter got a reality check Wednesday as the high-flying messaging company reported modest user growth during a quarter in which it lost $511 million.
Investors are clamoring to connect with the online networking service LinkedIn Corp. in the latest sign of the fervor for Internet companies that specialize in bringing together people with common interests.
The stock market debut of Coupons.com brought out bargain-seekers on Friday, shooting the online discount firm up a stunning 87 percent.
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.
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 debuted on Wall Street with a bang Thursday as shares in the fast-growing social network soared amid investor frenzy over the most-anticipated listing since Facebook.
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 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.
Two financial firms sued Twitter on Wednesday, saying it supported their own world tour to sell its shares last year, only to disallow the sales in a ruse aimed at boosting the company's valuation above $10 billion for an ...
Facebook Inc. has just one question for Wall Street: How do you like me now?