Since its IPO in early November, Twitter (TWTR) has given up some ground. Twitter stock popped on its first day of trading, but shares of TWTR are off about 12% since then.
Plus, some investors think this is only the beginning of the downfall in TWTR stock. Consider that Pedro De Noronha, who manages the Noster Capital hedge fund, believes that Twitter stock could see an 80% wipe-out.
Is this an example of someone who wants to shamelessly grab headlines … or are there be legitimate concerns for a crash-and-burn of Twitter stock? Let’s take a closer look. Read