Sr. Correspondent, Broker Research, Bangalore, India
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Investors dump Twitter stock as results divide Wall Street

By Saqib Iqbal Ahmed

(Reuters) – Twitter Inc’s shares fell almost 25 percent on Thursday, wiping out about $9.8 billion in market value, after the company reported a sharp slowdown in user growth.

The stock, which debuted at $26 in November, hit a low of $50 in early trading. The shares hit a peak of $74.73 in late December as investors bet that the social media platform could become as ubiquitous as Facebook.

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    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
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