Twitter -4.9% as lockup expiration arrives

|By:, SA News Editor

Twitter (TWTR) has fallen below $37 as over 4/5 of outstanding shares become eligible for sale. Shares are making new post-IPO lows, but remains soundly above a $26 IPO price.

Shareholders owning 205M shares have promised not to sell for now. But that still leaves another 275M featuring no such commitment.