SoylentNews

patella.whack writes:

The Guardian reports on Twitter's recent troubles:

America's smartest schools have given Twitter an F. Harvard, Yale and Stanford universities have all sold big chunks of their Twitter stock as the nine-year-old social media company struggles to prove to investors it has a trajectory of growth.

Yale University...sold all of its 34,345 shares in Twitter – worth just under $1m at Monday's stock price – over the last quarter. Harvard University...sold 29,856 Twitter shares between April and June. Stanford...sold 18,000 shares.

The universities' sell-offs come as Twitter flounders without a permanent chief executive and analysts increasingly question the company's future as its once-stunning user growth slows to a trickle.

Twitter's shares have collapsed from $52 in April to $29 on Monday, a drop of 44%. Over that period, Yale's Twitter holdings dropped in value by $788,000.

Original Submission