Exactly right Rainer.. The stock is down 3% on day 1 in my book cause first available price for buying public was $45.10.. The 75% is for all the investment firms / investors who poured big money into this probably in off market deals leading up to this IPO. Retail investors should be very wary of that fact. Those bastards will profit & Twitter will pull back at some point & the same bastards will get a 2nd entry point (or IPO if u like) & make the same money again. The market is completely rigged & this type of stuff is proof of that