The Star Early Edition

Twitter shares slide to a record low


TWITTER is at a record low just months after co-founder Jack Dorsey took the helm as chief executive. Since its 2013 initial public offering (IPO), the company has disappoint­ed investors with slowing user growth and sales. While Dorsey aims to turn it around with product improvemen­ts, the moves have not yet affected the company’s numbers. Twitter shares fell 1.4 percent to $19.98 (R325.68) at the close in New York on Friday, their lowest since the company’s IPO in November 2013. The stock fell 35 percent in 2015. The decline came after US equity markets suffered their worst week since 2011. Dorsey said last week that Twitter was looking at new ways to display text, including letting people post longer tweets. – Bloomberg

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