On Friday, the tech-heavy NASDAQ stock market index closed at 4,000, down almost 10% from its post-recession high. That’s got Wall Street recalling the burst of the dot.com bubble. In March 2000, creator and CEO of Facebook Mark Zuckerberg was 15 years old. That same month the NASDAQ peaked at 5,132 points. And then the… Continue reading Pop Goes the Internet Sector?
All eyes were on Wall Street this morning as the much ballyhooed social media giant Twitter opened for trading. The IPO, trading under symbol #TWTR, didn’t disappoint. The Twitter IPO price was set at $26 Wednesday night and opened at an impressive $45.10 this morning, a 73% increase from its IPO. The Twitter IPO was… Continue reading Twitter IPO Pops, Up over 73% at Open
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