After Twitter stock dropped 10 percent in early trading on Tuesday morning, the company's stock continued to fall almost 18% in the wake of the lockup period's end.
At an all-time low of less than $32 a share, the drop in Twitter stock when compared to other companies like Facebook, Yelp and Google could spell more bad news for the company.
When a company first goes public, early investors cannot sell their shares for a set amount of time, known as a lockup period. When the lockup period ends, those investors typically sell their shares to cash in on their investments, usually resulting in a company's stocks falling, like Twitter has seen when its lockup period ended on Monday. Read more...
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