Take Two

News and culture through the lens of Southern California. Hosted by Alex Cohen & A Martínez

With IPO, can Twitter evolve to rival Facebook's success?

by Take Two

71574 full
A banner with the logo of Twitter is set on the front of the New York Stock Exchange (NYSE) on November 7, 2013 in New York. Twitter hit Wall Street with a bang on Thursday, as an investor frenzy quickly sent shares surging after the public share offering for the fast-growing social network. In the first exchanges, Twitter vaulted 80.7 percent to $47, a day after the initial public offering (IPO) at $26 per share. While some analysts cautioned about the fast-changing nature of social media, the debut led to a stampede for Twitter shares. EMMANUEL DUNAND/AFP/Getty Images

Twitter's initial public offering went live today on the New York Stock Exchange.

Before trading began it was valued at $26 a share, but it quickly shot up to $45 a share as soon as trading started. Here to talk about the IPO is Kevin Roose from New York Magazine.
 

blog comments powered by Disqus

Enjoy Take Two? Try KPCC’s other programs.

What's popular now on KPCC