Twitter closed out regular trading this afternoon at $30.50 per share. That’s its lowest end-of-day tally yet in its history as a public company. The company traded below the $30 mark earlier this month, but managed to end May 7 at $30.66.
The decline of Twitter’s value is impressive. The company ‘s 52-week high — it hasn’t been public that long, keep in mind — is $74.73. Its 52-week low — same caveat — is $29.51. So it closed regular trading today ahead of its All Time Low, but still at a fresh low for that timing.
How does this impact you? The answer is somewhat simple, as TechCrunch recently reported in the face of a decline in the price of technology stocks:
The fall in value of so-called “momentum” technology stocks lowers the implied valuation at which other, still-private technology companies can go public. The less that Weibo…
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