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Twitter stock slumps 18% as lockup expires

Written By Unknown on Tuesday, May 6, 2014 | 7:06 PM

Twitter Inc. shares plunged to a record low after the company lifted restrictions on share sales by insiders and early investors, renewing concerns that Internet stocks are overvalued and sparking a sell-off in social-media companies. The stock slumped $6.90, or 18%, to $31.85 as about 480...



via latimes.com - Los Angeles Times http://ift.tt/Sy2pmm

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