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Twitter Flunks Examination as University Endowments Dump Stock

Accepted submission by patella.whack at 2015-08-18 20:24:47
Business
The Guardian reports [theguardian.com] on Twitter's recent troubles:

Harvard, Yale and Stanford sell big chunks of Twitter stakes
Shares in troubled technology company fall 44% since April

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 [theguardian.com] without a permanent chief executive and analysts increasingly question the company’s future as its once-stunning user growth slows to a trickle.


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