Sunday, Jul 24, 2016
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Technology

BUSINESS BRIEF

Twitter’s stock falls 7%, shares still above IPO

NEW YORK — Twitter Inc.’s stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.

The stock fell $3.25, or 7 percent, to $41.65 on Friday despite an uptick in the broader market. The shares are still up 60 percent from the $26 IPO price Twitter and the IPO’s underwriting bankers set Wednesday night.

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