Twitter Bucks Trend Of Tech Stock Slump
Tech stocks took a beating amid a broad-market selloff Monday, but Twitter Inc. [s:TWTR] largely bucked the trend. Shares of Yahoo Inc. were down 5.3% at the market close Monday, shares of LinkedIn Corp. fell 3.3%, shares of Amazon Inc. were down 3.9%, shares of Apple Inc. fell 2% and shares of Facebook Inc. were down 3.8%. Twitter shares were down just 0.1%. The moves came as the technology-friendly Nasdaq Composite slumped 3%, while the Dow Jones Industrial Average lost 1.9%. Twitter has yet to name a chief executive, but a New York Times story Monday stated that several of the company's investors are in support of interim CEO Jack Dorsey becoming the permanent CEO.
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