Twitter IPO Creates Frenzy
Twitter’s highly publicized and anticipated IPO launched today creating a whirlwind of hungry investors. The social media platform opened at $45.10 on the New York Stock Exchange (NYX) this morning (Thurs., Nov. 7), up 73 percent from the $26 initial public offering price. Twitter is the largest U.S. technology IPO since Facebook, Inc. went public nearly two years ago.
Trading under the symbol TWTR, the frenzy escalated until reaching a high today of $50.09, closing at $44.90 a share.
While revenues have more than double over last year, Twitter has yet to make a profit.
Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.
Latest posts by Jessica Nicholson (see all)
- CMA Honors Robert Deaton With Chairman’s Award - December 4, 2020
- Nashville Symphony, Nashville Musicians Association Reach Agreement - December 4, 2020
- Zach Williams’ “Chain Breaker” Is Most-Added On ‘MusicRow’ CountryBreakout Radio Chart - December 4, 2020
Leave a Reply
Want to join the discussion?Feel free to contribute!