Facebook’s IPO Nosedive Brings Down Twitter’s Value By 15%
By Lauren Dugan on June 7, 2012 12:00 PM
If you’ve been watching the financial news lately, you’ll know that Facebook’s IPO was a dud. And its sinking value on the stock market is apparently pulling other tech companies down into the vortex with it – and Twitter is no exception.
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Discover why countless investors and businessmen, including the Winklevoss twins, are becoming big supporters of virtual currencies at
The much-lauded Twitter-based hedge fund by Derwent Capital Markets only traded for a single month before the company shut down all tweet-based operations – but they’re not done with Twitter yet.
Twitter is still a private company, and despite the rush of adrenalin that LinkedIn’s IPO and Facebook’s filing have given investors interested in social, it’s not likely to change that fact any time soon. Twitter has in place a limit on the amount of stock its employees and other shareholders may sell, limiting it to 20 percent of their shares. And not everyone is happy about this policy.








Nadine Cheung
Editor, The Job Post
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