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| VIEW EVENT INFORMATION: Twitter |
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Twitter Ends IPO Year On Up Note |
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About the organization Twitter:
Type: Business
Sub-Types: Website, Text Hosting Agent, Picture Hosting Agent, Video Hosting Agent, Social Networking Agent, Blogging, Microblogging |
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Notable Organizations: Twitter, WSJ.D Technology
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| Twitter (TWTR +2.17%) ended its IPO year on an up note, after a roller-coaster week that saw its shares hit a record high, then plunge 15% in two days.
Twitter shares rose $3.14, or 5.2%, to $63.65, Tuesday. That’s 145% above their $26 IPO price, giving the seven-year-old microblogging service a market capitalization of more than $35 billion without ever recording a profit.
For a time last week, the shares were even more valuable, reaching an intraday high of $74.73 on Dec. 26. Twitter fell sharply in the following two trading sessions. |
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