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Twitter avoids 'Facebook flop' after shares debut

Twitter shares fell 4.6% on the day after going on sale for the first time. The stocks traded at 70% above their IPO price, avoiding the flop experienced by its social media rival Facebook last May.

Facebook shares slumped dramatically in the first few weeks after their stock exchange debut.

Shares in Twitter went on sale Thursday and almost doubled in value from its opening price offer of $26 (£16.26).

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