Twitter is down 20% as bidders disappear from making premium bids for the social media service.
The company has plenty of catalysts with live-streaming deals and the emergence of generous video ad revenue sharing with content creators.
The dip below $20 provide opportunity as either the video catalyst will launch Twitter back into growth mode or the company will accept likely bids in the mid-$20 range.
Twitter (NYSE:TWTR) is in freefall today as the market comes to the realization that a deal isn't imminent. Despite constant media rumors, the company never really signaled that the social media site was for sale and definitely not at prices anybody would pay.