Get the latest tech news How to check Is Temu legit? How to delete trackers
TECH
Apple Inc

Tech Five: Twitter shares rebound after record low

Trisha Thadani
USA TODAY
Twitter tumbles to record low

Twitter shares were seesawing between red and green Tuesday morning after the company dipped to a record low Monday. CEO Jack Dorsey told investors last week to not expect a rebound anytime soon — and they seemed to have really taken that advice to heart as the stock tumbled nearly 6% to $29.27 at market close Monday.

Let's take a look at the tech stocks to watch Tuesday:

Twitter (TWTR): Shares of Twitter were up nearly 1% Tuesday morning, after they fell to its lowest point since the company went public in November 2014 Monday. Slow user growth really took a toll on Twitter during its second quarter, and executives promised they are slowly but surely working on revamping the company's product and the way it is marketed. Twitter's user base is about one-fifth the size of major rival Facebook, which boasts nearly 1.5 billion users.

Sprint (S): Shares of Sprint were up nearly 6% during morning trading after the company announced earnings that topped analyst estimates. The CEO is looking to turn around the company, after it lost 55% of its value in the past year and 25% of its value in the past month. On Monday, the company announced a significant management shakeup, which included the hiring of a new chief financial officer and chief operating officer of technology.

Alibaba (BABA): As Alibaba continues to globalize, the company hired a former top Goldman Sachs vice chairman, Michael Evans, to head the its international expansion. The Chinese e-commerce giant is looking to expand across the Chinese border as the online-retail market becomes increasingly competitive.

Apple (AAPL): The tech titian fell 2.4% Monday, officially bringing it into correction territory for the first time in more than 7 months. Apple faces pressure as concerns mount of an economic slowing in China, which is the company's biggest market for the iPhone. Meanwhile, Business Insider reported the tech giant is exploring plans to launch its own wireless network service in the U.S. and Europe — however, Apple later denied these claims. Company shares were down nearly 3% Tuesday morning.

Nokia (NOK): Shares of Nokia were slightly up Tuesday morning after the company announced that it is selling Here, its map service, to a consortium of German automakers. The deal, which was completed for the equivalent of $3 billion Monday, signaled Nokia's latest push in transforming into a networking company.

Follow USA TODAY reporter Trisha Thadani on Twitter: @TrishaThadani

Featured Weekly Ad