Twitter Stock Drops 23% as Wall Street Questions Its Mainstream Potential

The bird has landed.

Twitter's stock opened at just above $50 a share on Thursday, a drop of more than 23% and its lowest trading price in nearly two months. That drop effectively shaved off more than $8 billion from Twitter's market cap overnight.

The sharp declined followed Twitter's fourth quarter earnings report on Wednesday afternoon, its first as a public company. Twitter came in well ahead of Wall Street estimates for revenue, but user growth was much slower than expected and engagement actually declined quarter-over-quarter.

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