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ExtraTorrent.cc > Articles > Twitter Share Price Rocketed after Float

Twitter Share Price Rocketed after Float

Twitter Share Price Rocketed after Float

Added: Tuesday, November 12th, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
A social network, which is known for limiting you to 140 characters when you have something to say to the universe, has finally floated on the New York Stock Exchange. Twitter was valuing itself at $14.4 billion at the moment of its flotation.
nov38.png

Twitter started with share price of $26 per piece, and was selling 70 million shares. The executives at Twitter were expected to make a killing and TWTR turned in a loss of around $134 million in the first 9 months of 2013.

The very next day after floatation shares in Twitter increased by 72% on the New York Stock Exchange. Initially priced at $26 per share, the stock closed at $44.9, which resulted in potentially big profits to investors. The industry experts point out that the bump in the company’s share price is in sharp contrast to Facebook’s IPO. The latter saw the social networking website flutter initially.

Indeed, Twitter’s stock surge might be somewhat surprising, provided that the company has not made any money and actually turned in a loss in the last 9 months.


By:
SaM
November 12th,2013

Posted by: 
SaM

Date:  Tuesday, November 12th, 2013



Comments (1) (please add your comment »)

1
posted by (2013-11-13 08:22:15)
Nicolay avatarIts funny watching those monkeys play with their 'products' and monopoly money. Its like Kindergarden ... only with people in suits.
Watch ... come the Zombie Apocalypse and those people won't have the life-skills to survive even one single day!



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