Twitter rebounds after plunging more than 10% on Tuesday (TWTR)

pulse

March 21, 2018 9:13 PM

Twitter got hit with negative news Tuesday, sending shares down more than 10%.

Twitter rebounded after negative news out Tuesday battered the stock.
Twitter and other social media stocks outperformed the Nasdaq.

Twitter shares rallied Wednesday, gaining 4.37% to $37.72 apiece, despite weakness in the tech-heavy Nasdaq.

Shares sank more than 10% Tuesday after Bloomberg reported the Israeli government lashed out at the social media company for ignoring its requests to take down content that suggested violence towards the state.

Facebook and Snap ended up 0.79% and 3.91% respectively.

Twitter is up almost 33% year-to-date.

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