Twitter's share price is diving... again

 
Lynsey Barber
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Twitter shares have swooped below $28 (Source: Getty)

Twitter shares have taken another dive after recovering moderately from an all-time low in recent weeks.

Shares are down by nearly four per cent to $27.18 per share in morning US trading, their second lowest intraday price after hitting an all-time low almost a fortnight ago.

Shares touched $26.87 on 7 August and closed at $27.04 taking the company within cents of its $26 IPO price.

Twitter's interim chief executive Jack Dorsey briefly caused shares in the struggling social network to soar after buying $875,000 worth of shares.

Finance chief Anthony Noto had been the only senior executive to buy stock in the company this year before Dorsey's buying spree.

Twitter is still on the hunt for - but struggling to find - a new chief executive to replace Dick Costolo who departed in early July.

While Dorsey's stock buying may have briefly buoyed investor confidence, Twitter has lost half its value since April as they flew the nest, including co-founder Ev Williams. It emerged earlier this week several top Ivy League universities have been selling off their positions in Twitter over recent months.

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