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Twitter is ‘toast’: Analyst claims the firm’s stock isn’t even worth £8 after two more executives quit

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Daily Mail
December 22, 2016

Twitter’s share price is plunging after two key figures resigned earlier this week, prompting a market analyst to issue a research note calling the company ‘toast’.

Yesterday,  Twitter’s chief technology officer Adam Messinger and Josh McFarland, vice president of product, announced they would both be leaving the company.

The company’s share price closed at $17.92 (£14.52) on Tuesday, and traded down again to close at $17.08 (£13.84) on yesterday’s close.

As of 12:00 GMT (7:00 EST), the stock was down again 0.64 per cent day-on-day at $16.97 (£13.76).

In the past five days, the stock has fallen $2.05 (£1.66), or 10.7 per cent (graph pictured)

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This article was posted: Thursday, December 22, 2016 at 10:06 am

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