Daily deals site Groupon is down more than 4%, while Yelp has plunged nearly 6%. Both LinkedIn and Facebook are down slightly.
Twitter is expected to announce its official price for the launch of its initial public offering on Wednesday before trading on the New York Stock Exchange on Thursday.
For those investors wanting a slice of Twitter, here's a primer on how to snag some shares. But as USA TODAY's Matt Krantz suggests, it's best to hold off for now.
Meanwhile, shares of Activision are up nearly 2% in pre-market trading as the publisher is fresh off launching the latest title from its flagship Call of Duty franchise.
The company announced Call of Duty: Ghosts, available Tuesday, sold more than $1 billion into retail stores on its first day. However, the publisher did not disclose how much revenue was earned through copies sold to consumers.
The game faces stiff competition from Take-Two Interactive's blockbuster Grand Theft Auto V, which generated $800 million in revenue on its opening day, and raked in $1 billion in three days.
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