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Twitter+tumbles+after+warning+on+overvaluation
Saturday, 28 December 2013 - 13:52
Twitter tumbles after warning on overvaluation
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Twitter shares tumbled after a brokerage analyst warned the popular messaging network was overvalued following a meteoric rise since its initial public offering in November.


Twitter shares closed down 12.99 per cent at 63.79 dollars. But the stock has more than doubled from its offering price at 26 dollars on November 7th.


Jon Ogg at 24/7 Wall Street said yesterday’s decline followed a five per cent gain on Thursday which put Twitter at a record high of 73.31 dollars.
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