Twitter shares rose 73% in a frenzied trading debut that drove the seven-year-old company’s value to $25 billion and evoked the heady days of the dot-com bubble.
The stock closed its first trading day at $44.90 a share from the initial public offering price of $26 set late on Wednesday, falling back from a near-doubling in price at a session high of $50. Investor enthusiasm for the microblogging... » more
If the question gives you the uncomfortable feeling that you’re out of the loop, you’re not alone. In fact, most of us have not tweeted. If you’re an American and are over age 29, it’s quite unlikely that you’ve ever done it.
In spite of the fact that Twitter is a household name, and that it has caused many humans to begin tweeting in public, it is still not quite the mass phenomenon it seems,... » more
Twitter raised the top end of the price range for its initial public offering by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook last year.
Amid a red-hot market for IPOs and soaring equity markets, Twitter raised its price range to $23 to $25 per share on Monday, from a previous $17 to $20.
The... » more
Twitter was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it.
In a lawsuit filed in U.S. District Court in Manhattan, Precedo Capital Group Inc and Continental Advisors SA accused Twitter of using the aborted sale as a way... » more
Twitter aims to launch its IPO on Nov. 6, the New York Post reported Thursday.
The stock offering is being handled by Goldman Sachs and Morgan Stanley, with JPMorgan Chase also chipping in — and the investment banks reportedly are ready to start making their pitches to investors on Monday.
Twitter said on Thursday that it intends to sell 70 million shares priced between $17 and $20 in... » more
On Tuesday night, social media titan Twitter filed an amended S-1 with the SEC, further setting the stage for what looks like a hugely successful IPO on the New York Stock Exchange this November.
Let's get right to the important stuff. The big news is that Twitter's advertising revenue growth accelerated to 123% from 113% last quarter. That matters because the most obvious... » more
Yesterday afternoon, Twitter filed its S-1 with the SEC and that means planet Earth is about to be hit with the biggest IPO since Facebook's ill-fated baptism in 2012.
So let's get right to it -- here's what investors need to know about his deal:
Twitter learned a lot from the Facebook mess
First things first -- Twitter seems to have learned from Facebook's IPO debacle, which was... » more
Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite never having made a profit in the past three years. The eight-year-old microblogging service, the preferred communications tool for celebrities and politicians alike, gave potential investors their first glance at its financials... » more
Twitter, which is preparing for its initial public offering, said on Wednesday it will help users receive special alerts from government agencies and aid agencies during emergencies.
Users who sign up will receive smartphone notifications via the Twitter app as well as SMS text messages - assuming they agree to handover their cell phone numbers - from any of several dozen agencies who have... » more
The folks at Twitter, where every story can be told in 140 characters or less, must have known that the company’s IPO announcement would boil down to this: It’s going to be the biggest Internet IPO since Facebook.
Talk about damning with faint praise. The Facebook IPO was seen as a fiasco, at least until a couple of months ago when its stock price finally started creeping up above the $30... » more