As of 7.55pm, the company’s share price had fallen by 6.05 percent. This took its value to $58.24 and has been steadily falling since the start of trading. At the start of trading today, Twitter’s price stood at $61.17.
The company hit a low of $57.64 at 1.55pm (EST time) time.
Only in the last few hours has its share price begun to increase following its shock drop.
Indeed, the social media giant’s share price began its plummet on October 1.
On October 1, it was valued at $61.98.
It is unclear what is causing the drastic drop in its share price, but last month Twitter’s stock surged to $67.22.
This was followed by a drop to $60.07 on September 29 prior to the most recent reduction.
Away from its share price, Twitter managed to avoid a large-scale outage across social media on Monday afternoon.
Facebook, Whatsapp and Instagram all reported issues leaving hundreds of millions unable to use their respective services.
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In a tweet, it said: “Hello literally everyone.”
Although outages have largely decreased across all platforms, Downdetector reports some issues.
According to the aggregator, users in the UK are still experiencing issues, while reports of outages on Facebook have increased.
As of 7.57pm, outages had fallen to 10,456.
As of 8.12pm, 11,447 have now been reported although this is much lower than its peak of 57,560 at 4.57pm.
Facebook released a statement claiming it is attempting to resolve the issue.
It said: “We’re aware that some people are having trouble accessing Facebook app.
“We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.”
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