On Tuesday, Twitter Inc. (NYSE:TWTR) shares tumbled to a record low after lifting restrictions on share sales by insiders and early investors, the renewing concerns that Internet stocks are overvalued sparked a selloff in social-media companies. Twitter Inc. (NYSE:TWTR) shares after opening at $35.61 moved to $36.10 on last trade day and at the end of the day closed at $31.85. Company price to sales ratio in past twelve months was calculated as 23.44 and price to cash ratio as 8.63. Twitter Inc. (NYSE:TWTR) showed a negative weekly performance of -25.27%.
TWTR shares have slipped this year after the company reported slowing user growth. And it alos raised doubts that Twitter may not be able to add more members. Still, the company trades at a level that makes it more expensive than LinkedIn Corp (NYSE:LNKD or Facebook Inc (NASDAQ:FB), based on projected 2014 sales. Facebook Inc (NASDAQ:FB) shares fell -4.39% in last trading session and ended the day on $58.53. FB return on equity ratio is recorded as 13.30% and its return on assets is 11.30%. Facebook Inc (NASDAQ:FB) yearly performance is 112.30%.
Twitter’s decline yesterday was the biggest drop compared with lockup expirations from LinkedIn Corp (NYSE:LNKD), Facebook Inc (NASDAQ:FB) Groupon Inc., Pandora Media Inc. and Google Inc. since 2004, according to data from Bespoke Investment Group LLC. LinkedIn Corp (NYSE:LNKD) has reported a loss yesterday of $13.3 million despite a 46% rise in revenue to about $473 million
Zynga Inc. (NASDAQ:ZNGA) shares after opening at $3.85 moved to $3.85 on last trade day and at the end of the day closed at $3.71. Company price to sales ratio in past twelve months was calculated as 4.22 and price to cash ratio as 4.20. Zynga Inc. (NASDAQ:ZNGA) showed a negative weekly performance of -6.08%.