Twitter stock calms down on day three as IPO excitement wears off

Twitter opened five per cent down in trading today, with shares below $40 (£25) - that's 20 per cent down from its first-day high of $50.09 (£31.32). At pixel time, shares were down just over one per cent.

Shares began trading at $45.10 on Thursday - well above the $26 per share initial public offering (IPO), but the slide today suggests that the initial enthusiasm has been toned down.