cancel
Showing results for 
Search instead for 
Did you mean: 

What a Twit!

Community Veteran
Posts: 18,545
Thanks: 191
Registered: 12-08-2007

What a Twit!

I don't use Twitter but do follow the stock market.  Twitter launched on the New York Stock Market today and I was amazed it launched at $45.10 a share valuing the company at $14.2bn.
Not bad for a company that's never made a profit Wink
19 REPLIES
Moderator
Moderator
Posts: 16,561
Thanks: 1,801
Fixes: 125
Registered: 06-04-2007

Re: What a Twit!

I was reading yesterday that one of the founder members is due to get very little from the flotation. Can't remember where I read it, though.

Forum Moderator and Customer
Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain
He who feared he would not succeed sat still

James
Grafter
Posts: 21,036
Registered: 04-04-2007

Re: What a Twit!

$45 or $25?
I thought they were listing at $25 a share.
Community Veteran
Posts: 18,545
Thanks: 191
Registered: 12-08-2007

Re: What a Twit!

Yes, but it  then raised. At one time today the price reached $60.
Community Veteran
Posts: 18,545
Thanks: 191
Registered: 12-08-2007

Re: What a Twit!

This from Reuters:
Opening Price
Community Veteran
Posts: 6,586
Thanks: 206
Fixes: 14
Registered: 16-02-2009

Re: What a Twit!

Thought they had stopped this silly pricing after the last time they over priced "virtual products"  Crazy
Community Veteran
Posts: 13,923
Thanks: 515
Fixes: 7
Registered: 01-08-2007

Re: What a Twit!

Yes I was amazed when I heard about this on the news late last night. The company hasn't made any profit and yet it's valued at $Billions? - How does that work?!!!
Incredible though it really is! I'll bet the guy who set that up is rather chuffed with his new bank account!
I need a new signature... i'm bored of the old one!
Community Veteran
Posts: 3,826
Thanks: 44
Fixes: 1
Registered: 24-09-2008

Re: What a Twit!

Just don't get it, twitter's revenues are based on perceived advertising revenue.
How do you insert a meaningful advertisement into 140 characters and not drive your customer base away, unless twitter went for "celeb endorsement".
One IPO I'd certainly be interested in if it ever came off would be Sal Khan's "Khan Academy", would need a basic revamp of its business model, but does have potential.

At adobe digital:-
Thunderclap
Grafter
Posts: 673
Registered: 08-09-2008

Re: What a Twit!

Cool Great news. Now being a grown up company, Twitter can pay it's taxes on profits made in the UK.
Community Veteran
Posts: 13,923
Thanks: 515
Fixes: 7
Registered: 01-08-2007

Re: What a Twit!

What profits? lol
I need a new signature... i'm bored of the old one!
Community Veteran
Posts: 3,826
Thanks: 44
Fixes: 1
Registered: 24-09-2008

Re: What a Twit!

Today is the closing day for Merlin IPO applications, primary aimed at institutional investors, although most of the proceeds will be used to cancel the debt.
Looks like it could be a white-knuckle-ride.
Community Veteran
Posts: 18,545
Thanks: 191
Registered: 12-08-2007

Re: What a Twit!

Merlin could be a good long term buy. A solid company. it certainly won't be the big dipper ride that I think Twitter will be.
Community Veteran
Posts: 13,923
Thanks: 515
Fixes: 7
Registered: 01-08-2007

Re: What a Twit!

Only thing I know about Merlin is that he's a wizard!
(Or an ancient with advanced powers from millions of years of evolvement - thought of as a wizard in the case of Stargate SG-1 Wink)
I need a new signature... i'm bored of the old one!
Community Veteran
Posts: 18,545
Thanks: 191
Registered: 12-08-2007

Re: What a Twit!

Could be a bumper ride Smiley
Community Veteran
Posts: 3,826
Thanks: 44
Fixes: 1
Registered: 24-09-2008

Re: What a Twit!

Wonder what happened to friends-united or whatever it was called, that changed hands for an obscene  amount of money (wasn't it more than £170m), subsequently quietly faded away.
Twitter, facebook, bebo, linkedin et al are only good as long as their users are loyal.