Take Two for November 7, 2013

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

US-INTERNET-TWITTER

EMMANUEL DUNAND/AFP/Getty Images

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.

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.
 


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