COWBOYS VS REDSKINS: Listen To The Game On 105.3 The Fan! | Live UpdatesWhat's At Stake | Rolando McClain OutPick'em To Win | Cowboys News


Twitter’s Stock Market Debut Exceeds Expectations

From Our CBS Music Web Sites

453641528 10 Twitters Stock Market Debut Exceeds ExpectationsAdorbale Baby Animals To Put A Smile On Your Face

christmas on kluv dl Twitters Stock Market Debut Exceeds ExpectationsListen To Christmas Music

176461204 10 Twitters Stock Market Debut Exceeds ExpectationsWomen With Santa

 alt=Musicians Then And Now II

452359780 10 Twitters Stock Market Debut Exceeds ExpectationsMissing Summer?

sx Twitters Stock Market Debut Exceeds Expectations Victoria's Secret Fashion Show

NEW YORK (AP) — Twitter had a strong public stock debut Thursday in the most highly anticipated initial public offering since Facebook’s last year. Twitter is trading heavily on its first day. Co-founder Jack Dorsey had some fun in posting a Vine video based on Twitter’s first ever tweet in 2006.

Twitter is trading under the ticker symbol “TWTR.” Twitter’s stock opened at $45.10, or 73 percent above its $26 IPO price. The opening price values Twitter at more than $31 billion based on its outstanding stock, options and restricted stock that’ll be available after the IPO. Expect some changes throughout the day, though: It has traded as high as $50.09 and is now at $45.81.

The high price comes despite the fact that Twitter has never turned a profit in seven years of existence. Revenue has been growing, but the company is also investing heavily in more data centers and hiring more employees.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending: