The Courier-Mail

Twitter shares go full circle

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TWITTER’S battered shares have fallen back to their float price as investors worry about the company’s ability to grow its user base.

Shares in the US-based online short messaging service fell 5.8 per cent to $US26 in overnight trade on Thursday.

Twitter went public in November 2013 at an initial public offering price of $US26. The stock is down 29 per cent since Twitter’s July 28 earnings report, when it warned that boosting its user growth rate would take a long time.

Twitter faces fierce competitio­n from Facebook as well as messaging apps such as Snapchat of Whatsapp.

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