While you were sleeping: Twitter sinks

Tue, 06 May 2014

By Margreet Dietz May 7 (BusinessDesk) - Wall Street slid as Twitter led a decline in tech stocks amid concern about valuations for the industry, while worries about the escalation of the conflict in Ukraine also weighed on the market. Shares of Twitter sank, last down 15.9 percent, as post-initial public offering restrictions on selling the stock expired, underpinning concern about the company’s outlook. "The move is bigger than expected and is indicative of the negative investor sentiment towards Twitter right now," Atlantic Equities...

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