Angry investors tweet ... about TwitterNovember 7, 2013: 12:38 PM ET
Not all investors are a-Twitter about Thursday's big initial public offering.
But the chatter on StockTwits, a Twitter-like service for investors and day traders, was less than flattering at best, and downright vicious at worst.
Here are a few choice examples:
$TWTR Sucker is born ever minute. werms
$TWTR If you buy this, you are out of your mind. DavidNoonan
$TWTR I so want to see this tank big time. crmarketplace
$TWTR This just in - Dog poop will IPO at $65 a share. tangsting
Of course, the irony of using tweets to trash Twitter's IPO did not go unnoticed.
$TWTR - it's nothing to tweet about. Stock_Jockey
$TWTR i just received a tweet not to buy twitter. BennyB
$TWTR remember StockTwits is a form of Twitter. Don't wish it such bad luck. We like this Social Network. But will it make money afernandez321
There was a also game of 'what I use more than Twitter' going on.
Some traders were already talking about shorting Twitter.
Why all the hate for Twitter? The biggest complaint was that the stock is simply overpriced for a company that has yet to turn a profit.
Another common gripe was that small investors are getting fleeced by the big banks that bought Twitter shares at a lower price.
$TWTR Retail traders will get slaughtered. The banks and initial investors will make millions. SilverMoney
$TWTR as soon as retail little guys go crazy raising the price the BIG guys will take profits and we will be left in the dust? Fixed market. DN28711
$TWTR Many thanks for your money retail investor. Atttn. The fund who bough TWTR months ago... lol RioTwit