The underwritters also added additional shares and raised the price the week before the offering. Add the issues that Nasdaq had executing the IPO it really isn't shocking that the price has dropped.
Didn't the announce yesterday that for the fist time, number users are dropping?
I'm half-tempted to quit. In the past week or so, my app has become ridiculously slow and buggy. Entire posts of mine disappear, and it eats at least one percentage point of my battery every time I refresh. Almost all of my internet use is on my phone, so this is no bueno.