Twitter Shares Are Down Almost 17% Today

[psycopk]

SAN FRANCISCO (MarketWatch) — Tech stocks posted broad losses Tuesday, with Twitter Inc. among the standout decliners following the expiration of the social networking company’s lockup period. Now, insiders can choose to sell almost half a billion shares of the social-networking company.

Twitter TWTR -17.47%  fell almost 10% to $34.96 a share Tuesday, as many of Twitter’s early investors can now choose to sell their holdings. The company went public six months ago. Co-founders Jack Dorsey and Evan Williams, along with Twitter Chief Executive Dick Costolo, have said they did not intend to sell their shares after the lockup period expired.

Pandora Media Inc. P -9.02%  fell by 3% to $24.01 a share. Before the market opened, the Internet radio company reported listener data for April, which included 1.7 billion listener hours, a 30% increase from a year ago, but down slightly from the 1.71 billion hours Pandora reported in March. Pandora also said its share of the total U.S. radio-listening market rose to 9.28% from 7.33% in April 2013.

Declines also came from Yelp Inc. YELP -13.29% , off by 3.8%, LinkedIn Corp. LNKD -5.56% , which gave up 2.6% and Facebook Inc. FB -4.37% , down by 1% at $60.51 a share.

Groupon Inc. GRPN -2.61%  shares edged up by 1.3% to $6.98 ahead of the online deal and e-commerce company’s quarterly results, due after the close of trading.

Small gains also came from Apple Inc. AAPL -.00% , Yahoo Inc. YHOO -1.15%  and Micron Technology Inc. MU -0.22% .

The Nasdaq Composite Index COMP -1.36%  fell 14 points to 4,124.

[k2s]

but y ? ppl got bored of this $hwitter

[perugu_vada]

:o inka padithe will buy few :D

[BillMarkSteve]

Tesla stock value kuda padipoundi ani inko post chusanu...

Whats happening to market ??

[All]

ఫ్యాన్ గుర్తుకి వోట్ వేయండి తర్వాత దానికి ఉరి వేసుకోండి