Sunday, April 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Call of Duty Game Returns to WWII
Twitch to Sell Video Games
Apple May Invest in Boeing Satellite Broadband Project
Chrome's Rumored Ad-blocker May Not Be Exactly an Ad-blocker
GM To Launch Electric Cars in China by 2020
New HP Zbook Laptops Take On Apple's Mac Pro
Samsung Galaxy S8 and S8+ Are Launching With Google Play
Elon Musk Wants To Meld Brains and Computers
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Twitter...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 07, 2013
Twitter Share Priced At $26


Twitter priced its initial public offering above its expected range to raise at least $1.8 billion, in a sign of strong investor demand.

The company priced 70 million shares at $26. The IPO values Twitter at $14.1 billion, with the potential to reach $14.4 billion if underwriters exercise an over-allotment option, as they are widely expected to. That would allow Twitter to raise $2.1 billion, making it the second largest Internet offering in the U.S. behind Facebook's $16 billion IPO last year.

The focus now turns to how Twitter stock will fare on Thursday.

Compared to Facebook's IPO last May, Twitter priced shares more conservatively and chose to list on the New York Stock Exchange rather than the Nasdaq.

Twitter generates relatively little revenue per user compared with Facebook, while the majority of its users are located outside the U.S. in countries such as Indonesia or Brazil, which are less lucrative digital advertising markets.

Twitter's third-quarter revenue more than doubled to $168.6 million, but net losses widened to $64.6 million from $21.6 million a year earlier.

Twitter said on Monday that it had received a letter from IBM accusing the social media company of infringing on at least three U.S. patents.




Previous
Next
Canon Introduces The DP-V3010 4K Reference Display        All News        Facebook Redesigns The Like And Share Buttons
Big Changes Expected To 2013 Top 20 Semiconductor Supplier Ranking     General Computing News      Facebook Redesigns The Like And Share Buttons

Get RSS feed Easy Print E-Mail this Message

Related News
U.S. Government Withdraws Demand to Unmask Anti-Trump Account on Twitter
Twitter Releases 'Lite' Version For Emerging Markets
The European Commission Ask Social Media Companies To Comply With EU Consumer Rules
Twitter To Use Algorithms to Tackle Abusive Content
Twitter Pace of Growth Slows
Twitter To Filter Abusive Tweets
Twitter Unveils 360-degree Live Video
Live Video Now Available On Twitter
Facebook, Twitter And Google Are Partnering To Help Curb Spread of Online Terrorist Content
Twitter Android TV App Allows Users To Stream Videos
Twitter Launches Tools To Addressing Online Abuse
Twitter Announces Restructuring and Headcount Reduction, Shuts Down Vine

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .