In a surprising move on Monday, Twitter decided to raise the starting price of its initial public offering into the $23-$25 range. This is a significant increase from its previous $17-$20 pricing and would give the company a $13.9 billion evaluation! The move, which was likely made in response to great potential demand for the… Continue reading Twitter Beefs Up Its IPO Price Range
Tag: Finance
The latest in business news, finance, stock trends, IPOs and currencies.
Poverty Line Problems: The History of an Outdated Measurement
In a followup to his latest infocomic exploring “What it means to be poor in America,” graphic journalist Andy Warner illustrates the idea behind “the poverty line” on KQED and the origins of the important measurement used for determining citizens’ eligibility for financial aide. According to the Poverty Threshold, 46.5 million American’s were living in… Continue reading Poverty Line Problems: The History of an Outdated Measurement
Twitter Sets $17-20 Initial Price Range for IPO
Twitter has just set an initial price range for the shares of its IPO between $17 to $20, which would give the company an $11.1 billion valuation. Twitter also said it expects to make the offering available Nov. 6, according to a revised filing with the SEC, a week earlier than the IPO was anticipated.… Continue reading Twitter Sets $17-20 Initial Price Range for IPO
What Does It Mean to Be Poor in America?
Did you know that since the Great Recession began that 95% of the income growth has went to the top 1%? The rich just keep on getting richer. Yet the recession itself was caused by an economic meltdown orchestrated by a few of the 1% that controls Wall Street. In 2011, roughly 15% or 46.5… Continue reading What Does It Mean to Be Poor in America?
