Twitter Tripped Up On Second Day Of Trading

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Twitter Tripped Up On Second Day Of Trading

by Wochit 1:04 mins

Twitter Tripped Up On Second Day Of Trading

by Wochit 1:04 mins

Twitter took flight Thursday in an impressive initial public offering that valued the company at $24.48 billion. Friday, the company's wings were clipped a bit as shares fell more than 7 percent. The smaller social network priced its shares at $26 a piece, opened with a healthy 73 percent pop at $45.10, then closed the day at $44.95. Clearly, investors were willing to give Twitter a pass on its money-losing business. If Twitter is to soar on the public market, however, the company will eventually need to turn a profit from the attention of its 232 million active users. Also, analysts say Twitter must continue to grow its user base. Nate Elliott, Principal Analyst, Forrester Research:

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