Now that the app has been released, it looses all the gas. Sell the news event. Already looks bearish on hourly chart. This will burn down to 40s soon. Time to short/sell/puts.
What are you looking at shows it is losing gas? I would guess volume, but the volume has not slowed. Today it will reach over 20M, which it does about every 30 to 45 days, but the average is only 6M.
mthompson45
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@jrothlander, Net Volume is -230k today which is not too bad. Most stocks are getting killed today even those with large volumes. It is very common for a Stock to go down once it goes Public and/or an event happens like with this Stock people were able to access the Social Media Platform.