After a standard “lockup” period, many of Twitter’s first shareholders were finally free to sell their stocks, on Tuesday -- and sell they did. Robert Peck, an analyst at SunTrust Robinson Humphrey, tells The New York Times that upwards of 200 million newly
released shares could soon enter the market. Naturally, Wall Street followed suit
on Tuesday, sending
Twitter’s stock down nearly 20%.
Read the whole story at The New York Times »
