For the second time in its brief life as a publicly-traded stock, the latest exhibit in 2013’s FOMO meme has hit a bear market. At $59.78, Twitter has dropped 20% from its all-time high and must – must – be a bargain here?
It seems the fast-mony has greatly rotated from TWTR to CROX +14% (buying on the back of Blackstone’s ‘investment’ in preferreds which could highly dilute the current common stock)…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/JmfiihWVu1I/story01.htm Tyler Durden