Friday, May 06, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. ITC To Probe Smartphone Vendors
Facebook Loses Suit Over Storing Biometric Data
Apple and SAP to Develop Business Apps For iPhone And iPad
Upgrading To Windows 10 Will Cost $119 After July
Amazon To Take Stake In Cargo Airline
HTC Sets Up New Company
Samsung 4K Blu-ray Player Gets UHD Alliance Certification
Google, Fiat Chrysler To Work Together On Self-driving Vehicles
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
Twitter Is Still Trying To Capitalize On Its Popularity
Twitter to Stream NFL Games
Twitter For Windows 10 on Mobile Released
Twitter Introduces A New Home Timeline Feature
Following Outcry, Twitter's Dorsey Says Live Tweets Are Here To Stay
Twitter Suspends Accounts To Combat Extremism
Twitter Loses Top Executives in Major Shake-Up
Twitter Amends Rules On Banned Content, Abusive Behaviour
Twitter Warns Users of Hacks
Twitter To Target Ads Even If You Are Not Logged In
These Are The Most Popular Retweets of 2015
Hearts Replace 'Favorite' Stars on Twitter

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .