Twitter shares tumble 8% as lock-up period expires

Twitter dropped sharply Tuesday as nearly 500 million shares of the social media giant from company insiders became eligible to be sold.

The stock fell 8.3 percent in early trading to a fresh all-time low of $35.53. Click here to see how the stock is trading.

Read More 140 things you don’t know about Twitter

Last week, the social media giant said its net loss grew by more than $100 million in the first quarter, though the company’s operating earnings and sales topped Street expectations. Monthly active users hit 255 million, with mobile MAUs making up 78 percent of the total.

Read More #Shop until you drop: Amazon’s new Twitter hashtag

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