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# UPDATED: Twitter Stock Hits Record Low As Insiders Flee
- URL: https://www.hypebot.com/twitter-stock-hits-record-low-as-insiders-flee/
- Published: 2014-05-07T03:14:00.000Z
- Updated: 2014-05-07T03:14:00.000Z
- Description: UPDATED: Twitter shares fell 17.8% on Tuesday to close at $31.85, the lowest since the company’s initial public offering last November. Hundreds of millions of shares of Twitter stock "unlocked" Tuesday,. Continue reading [https://www.hypebot.com/hypebot/2014/05/twitter-stock-hits-record-low-as-insi
- Author: Bruce Houghton
- Tags: Music Tech, Social Media, #wp, #wp-post, #Import 2026-01-21 10:38

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****UPDATED: *Twitter shares fell 17.8% on Tuesday to close at $31.85, the lowest since the company’s initial public offering last November.***

Hundreds of millions of shares of Twitter stock "unlocked" Tuesday, which allowed insiders and other longtime shareholders in social media company can sell. The result has been a bloodbath with Twitter down more than 11% hitting as low as

$34.00

$31.72 earlier Tuesday. By contrast, the day thaty 800 million Facebook shares unlocked, it's stoke jumped [more than 10%](http://money.cnn.com/2012/11/14/technology/social/facebook-lockup-stock/?ref=hypebot.com).

Last week, Wall Street [punished Twitte](https://www.hypebot.com/twitter-stock-tumbles-as-music-stocks-us-markets-rise/)r despite a strong earnings report. Then, investors appeared more concern with new numbers that [showed slowing growth](https://www.hypebot.com/twitter-reports-strong-quater-but-growth-is-stalling-chart/) for the social network.

Twitter now has 255 million monthly active users, 198 million of which are also active mobile users. The company generated $250 million in revenues, the vast majority of that coming from mobile ads.

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