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.

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