Social Media Newsfeed: Twitter Lockup Expires | LinkedIn Tailored Ads
Twitter shareholders fly the coop as lockup expires. LinkedIn adds ad targeting based on language. These stories, and more, in today's Morning Social Media Newsfeed.
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As Lockup Expires, Twitter Holders Fly the Coop (The Wall Street Journal)
Twitter shares tumbled 18 percent in heavy trading Tuesday, wiping out $4 billion of market value, as early investors and employees sold shares at their first opportunity since the social media company’s Nov. 7 debut. The expiration of the six-month “lockup” imposed by the securities firms that sold the Twitter initial public offering freed holders of 83 percent of shares outstanding to sell for the first time.
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