A Dot-Com Crashes After the NASDAQ Sets a New High



It was ironic to see Twitter (TWTR) incur a large price drop so soon after the NASDAQ set its first record high since the dot-com bubble. Shares of the social media company fell by more than 18% on Tuesday and fell further on Wednesday following a leaked earnings announcement, disappointing first-quarter revenues and lowered guidance. It was a sequence of events that supported Mark Twain’s supposed observation of history rhyming.

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