Around the Net
Twitter Stock Slide Continues
- TechCrunch, Monday, December 30, 2013 11:47 AM
Twitter shares once again dropped, falling 5.46% from Friday's closing price of $63.75. The last TechCrunch update put the stock at a decline of 7.22%, to $59.15. Marketers remain enamored with search improvements and advertising targeting technology, but analysts have a different view. Last week Macquarie analyst Ben Schachter downgraded Twitter, and on Monday Global Equities Research Analyst Trip Chowdhry initiated coverage with a price target of $60 per share.
