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  • Who'll be getting rich off Twitter

    Twitter co-founder Ev Williams could be the company's sole billionaire after the IPO.
    Williams was the leader behind Odeo, a company that eventually spun off into Twitter. Odeo was a struggling podcast platform, so Williams called on his crew of employees to brainstorm alternative ideas. The company pivoted into what would eventually become Twitter. Williams became CEO after co-founder Jack Dorsey was ousted.


  • #2
    U.S. Congress warned to not buy Twitter shares

    Twitter may the most hyped initial public offering of the year, but some of the most powerful and influential Americans are banned from trying to get in early on the action.

    Noting the increase in press coverage of the hot IPO market and the upcoming debut of Twitter (TWTR) in particular, the House Committee on Ethics sent a letter on Tuesday reminding members of Congress that they're not allowed to buy shares of Twitter until they begin trading and are widely available to the public.



    • #3
      Twitter sets IPO price at $26 a share

      Twitter priced its initial public offering at $26 a share late Wednesday, a move that clears the way for the stock to start trading Thursday.

      Twitter ended up pricing its IPO above the range of $23-$25 a share that the company set earlier this week -- which was already an increase from the initial $17-$20 range. The announcement came via -- what else? -- a company tweet.



      • #4
        Twitter shares soar 73% in IPO

        NEW YORK — In a mere instant — or about the time it takes to send a 140-character message — Twitter became one of the Internet's most valuable properties, capping a dizzying seven-year rise from scrappy start-up to a major publicly traded company.

        Twitter Inc. surged 73% to $45.10 the moment its stock began trading Thursday on the New York Stock Exchange, even as other technology stocks and the overall market slumped. With that opening trade, the online short-messaging service was valued at $25 billion.



        • #5
          Twitter takes hit as user growth disappoints

          Twitter has reported its slowest pace of user growth in recent company history, dimming hopes that the social media phenomenon can sustain its torrid pace of expansion and wiping out nearly a fifth of the company's value in after-hours trading.

          The San Francisco company posted better-than-expected fourth-quarter revenue of $243 million in its first results as a public company.

          But investors focused on the anemic user growth, as well as a severe decline in timeline views, a measure of user engagement.

          Twitter, which held a highly anticipated initial public offering in November at $26 a share, has divided investor opinion in recent months, as shares raced to more than $66 ahead of Wednesday's results despite an absence of news.

          Last edited by Yilisa; 02-06-2014, 11:57 AM.


          • #6
            Twitter reports $645m loss for 2013

            Microblogging site Twitter has reported a net loss of $645m (£396m) for 2013, just three months after its flotation on the New York Stock Exchange.

            The loss was expected by analysts, who highlighted Twitter's revenues, which rose 110% last year to reach $665m. But a reported slow growth in user numbers was a bigger concern for investors. Twitter averaged 241 million monthly users in the last quarter of the year, up just 3.8% on the previous quarter.

            Last edited by Yilisa; 02-06-2014, 11:57 AM.


            • #7
              Twitter shares drop 11% on slowdown in user growth

              Shares in Twitter dropped to their lowest levels since the company's stock market flotation, as it reported slower than expected user growth.

              The number of active users on the social network reached 255 million in the first three months of 2014, up 5.8% on the previous quarter but below analysts' expectations.

              Twitter also reported a net loss of $132m (£78m) for the latest quarter.

              But it posted revenue of $250m, $226m of which came through advertising.

              Despite higher user growth than the previous quarter, when Twitter saw just a 3.8% rise, Twitter's stocks fell by more than 11% in after-hours trading, sending the price below its initial public offering of $38.80 per share.



              • #8
                Twitter sues U.S. government over spying

                Under current regulations, Twitter cannot reveal certain information about government requests for users' data relating to national security.

                Twitter argues that this violates the right to free speech, as defined by the First Amendment to the US Constitution.

                The firm said it brought the case in an effort to force the government to be more transparent about personal data requests.

                "It's our belief that we are entitled under the First Amendment to respond to our users' concerns and to the statements of US government officials by providing information about the scope of US government surveillance," Twitter's lawyer, Ben Lee, wrote in a blog post.



                • #9
                  Twitter users and engagement disappoint, shares dive

                  Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday.

                  The online messaging service also projected fourth-quarter revenue that may miss Wall Street's targets.

                  Expectations had run high for Twitter since the messaging service, which for years had fought to revive growth in users, surprised Wall Street in the second quarter by signing up 24 percent more people globally.