Friday, January 10, 2014

Twitter IPO Gain Gain Gain

The U.S. stock market is a great start in the social networking site Twitter has proved to be the key founders of the biggest treasures . Twitter co-founder Evan Williams and Jack Dorsey's total assets rose by more than a billion dollars in a single day was $ 3.6 billion .

Launch IPO on the New York Stock Exchange on Thursday after a 90 per cent surge in its shares was recorded . The company has fixed IPO price was $ 26 per share . At the end of trading on Thursday, shares of Twitter with gains of 73 per cent to close at $ 44.90 .

According to research firm Wealth -X faster Williams of Twitter soared to 57 million shares worth $ 1.07 billion . It was Williams's total assets increased to $ 2.55 billion . Dorsey's similar to the 44.3 million increase in cost of 2.35 million shares . Dorsey's total assets had increased to $ 1.05 billion . The company's CEO Dick Costolo made ​​a profit of $ 14.5 million in the day . His assets have increased to $ 34.5 million .

Wealth -X said President David Friedman on the price of Twitter has become clear that the market reaction networking site has become the people's needs and taste . Valuation of both Facebook and Twitter have proved that social media are perfectly capable of earning . Facebook raised $ 16 billion through the IPO in May 2012 after the IPO of Twitter is the most awaited issue . Twitter since its inception seven years in the business has never earned a profit . The number of users has exceeded 23 million .

No comments:

Post a Comment