Twitter Analysts Don’t See Quick Rebound as Stock Dives 20%
This article is for subscribers only.
Twitter Inc. shares plummeted on Thursday, after the social-media company reported third-quarter results that came in well below expectations and gave an outlook that was seen as weak.
The stock shed as much as 20%, erasing more than $4.5 billion from the company’s valuation. Thursday was the biggest one-day percentage loss for the stock since July 2018, and the sell-off took shares to their lowest level since March.