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Twitter Shares Hit All-Time Low

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A photo taken in the western French city of Rennes on November 7, 2013 shows an official Twitter account on a smartphone. Twitter will make its Wall Street debut on November 7 with a price tag of 26 US dollars per share, bidding to raise up to 2.1 billion US dollars in the most eagerly awaited stock offering since Facebook. A tweet from the company said it would offer 70 million shares on the New York Stock Exchange, generating 1.82 billion US dollars, and give underwriters a 30-day option to pu | DAMIEN MEYER via Getty Images

NEW YORK (AP) — Shares of Twitter dropped in morning trading Wednesday to their lowest point since the company went public in November. Investor concern remains over the short messaging service's ability to keep adding users and keep existing users engaged.

Twitter has said it is focusing on expanding its audience and encouraging people who do use its service to use it more often. But the San Francisco company has not been expanding its user base as quickly as its investors would like.

twitter shares

Twitter had 255 million monthly users at March's end, up 25 percent from a year ago.

Late Tuesday the company reported first-quarter adjusted earnings and revenue that topped Wall Street expectations.

Shares of Twitter Inc. declined $5.23, or 12.3 percent, to $37.39 in morning trading. Earlier, it slipped to $37.24.

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