Why Twitter Spiked 5% Today
Shares of technology stocks were mostly flat to middling today, with the rocketing GoPro IPO standing out . Twitter, however, a company still down heavily from its earlier post-IPO highs, advanced 5 percent. Evercore Group indicated that it thinks the social networks domestic user growth could best its first quarter tally, reassuring skittish investors worried that the social company didn’t have the mojo left to attract more eyeballs to its service.
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