Twitter's Stock Gets Smashed On Private Markets Because Of Facebook

smashed concrete block

Photo: AP

Facebook’s rough start as a publicly traded company is affecting Twitter shareholders.Garret Sloane at the New York Post reports Twitter’s shares on private markets are down 15%.

If this is true, it seems silly.

Twitter won’t be publicly traded for many years to come. It’s still building its business. And it’s quite different than Facebook. It’s a mobile focused company that plans to stick contextual ads in your feed.

If private investors are really panicking now, it seems premature.

Twitter’s valuation is now at $9 billion on the private markets, according to Sloane’s report.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

facebook sai-us twitter