Their share price is nearly irrelevant to success since they can easily raise money through debt. They went to markets asking for 1.3 billion and offering nothing in return and the market said "why not 1.8?" If they were raising money through secondary equity offerings the their share price would matter. This debt rating also doesn't matter except to the chumps who own the debt. Twitter already has the money in the bank and 1.8 billion is a substantial amount of capital any way you look at it.
Oh, absolutely. There is no substance here, but it looks bad, and in the stockmarket that's really all that matters. That's why you can have CEOs from companies with solid fundamentals ousted when the company has two bad quarters in a row. It's a ridiculous system that focuses on the short term only. Twitter raised money with the express intent of investing it, not to hoard it.
