Twitter Suffers Sell-Off as Lock-Up Expires
When a company goes public, early investors and company insiders are usually forbidden to sell their shares for a predetermined amount of time. When this so called lock-up period, usually 90 to 180 days long, expires and trading restrictions are removed, stocks typically fall as early investors are keen to cash in on their investments.
The latest company to suffer such a sell-off is Twitter. On Tuesday, the company's lock-up period expired and despite prior claims of major shareholders not to sell, the company's stock price dropped like a rock during Tuesday's trading. At the end of the day, the stock had slipped almost 18% to close at an all-time low of $31.85.
No rule comes without exceptions though: In November 2012, when millions of Facebook shares became eligible for trading, many had expected the stock to take a nose dive after its rocky start to public trading. In the end the opposite happened: Facebook's shares climbed 12.6%, marking the starting point of a rally that saw Facebook double its value within the next 12 months.
- U.S. Facebook and Twitter user development 2014-2020U.S. Facebook and Twitter user development 2014-2020
- Drop outs from Facebook, Twitter and YouTube in the Netherlands 2016Drop outs from Facebook, Twitter and YouTube in the Netherlands 2016
- Sorority ranking U.S. 2012, showing facebook fans and twitter followersSorority ranking U.S. 2012, showing facebook fans and twitter followers
- Most popular product brands on Facebook 2016Most popular product brands on Facebook 2016
- Leading U.S. video properties 2016, by unique viewersLeading U.S. video properties 2016, by unique viewers
- Top 15 most frequently used websites in Sweden 2016Top 15 most frequently used websites in Sweden 2016
- Share of U.S. internet users who use selected social networks 2012-2016Share of U.S. internet users who use selected social networks 2012-2016
- Facebook: number of monthly active users worldwide 2008-2016Facebook: number of monthly active users worldwide 2008-2016
- Who may use the "Chart of the Day"?
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.
- Which topics are covered by the "Chart of the Day"?
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific
Charts of the Day, please contact Robin Hüdepohl