Facebook's IPO Nosedive Brings Down Twitter's Value By 15%
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.
Twitter is not traded publicly, but share are constantly being traded on the secondary market. And since the Facebook IPO, Twitter’s value has dropped by over 15 percent.
Prior to Facebook’s less-than-stellar entry onto the markets, Twitter was being traded at $21 a share on the secondary markets.
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