Relentless Selling of Twitter (TWTR) Continues

Twitter (NYSE: TWTR) is a big story again on Wall Street as the selling pressure continues following last week's earnings and very disappointing outlook on user growth.

Shares are down over 5% to $29.32 on heavy volume. The move below $30 is considered damaging for market psychology.

Stuck in investors' craw are comments from CFO Anthony Noto that, "We do not expect to see sustained meaningful growth in MAUs until we start to reach the mass market. We expect that will take a considerable amount of time."

Notably, Twitter's November 2013 IPO priced at $26 per share. The stock has been as high as $74.73 in December of 2013.

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