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.
(Score: 2) by LoRdTAW on Wednesday August 19 2015, @12:42PM
That is pretty much the situation. The only reason it was overvalued was because it is the most popular of its platform type. That gave it momentum which increased its value. But in the long run, twitter isn't all that special and can be easily replaced.