Twitter shares tumble below IPO price
 

Twitter shares fell below their $26 initial public offering price on Thursday, less than a month after co-founder Jack Dorsey warned it would take a while before Twitter is able to reverse a slowdown in user growth. Shares fell by as much as 6pc to $25.92 in late afternoon trading in New York amid a general market sell-off, before settling at $26 at the close. The company’s shares have almost halved over the past five months.

Twitter faces the challenge of whether its 316m monthly users can become a mainstream platform instead of a niche forum favored by journalists and celebrities.

Users may leave the twitter because of advertising.

Yes Alka due to this advertising so many users leave the twitter.

Twitter’s board also is planning a shakeup that involves the departure of former CEO.

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